3072021 CChina slashes kids gaming time to just three hours @ week |The Star China slashes kids’ gaming time to just three hours a week 000000 1 ZHEPING HUANG VIDEO GAMES Monday, 30 Aug 2021 6:50 PM MYT NextinTechNews wats ft Home htpsshwwcthestas13012024 China slashes kids gaming time to just three hours 2 week |The Star Gaming platforms from Tencent Holdings Ltd to NetEase Inc can henceforth only offer online gaming to inors from 8pm to 9pm on Fridays, weekends and public holidays, state news agency Xinhua reported, citing a notice by the National Press and Publication Administration. The new rules, which limit teen playing time to three hours most weeks of the year, is a major step-up froma previous restriction set in 2019 of 1.5 hours per day, most days. The escalating restrictions on Tencent's biggest business are likely to spook investors that had cautiously returned to Chinese stocks in recent days, exploring bargains after a raft of regulatory probes Next In Tech News Wall Street awaits Zoom's next Toyota torestart self-driving With new privacy law, China actas pandemic boom cools ‘Olympic village vehicles with could reshape cross-border data more safety staff rules similar to. ft EB Q Home Forvou Bookmark Auto hitpsiwwu.thestar.com myitechtechnews/2021/08/30/china-slashes-kds-gaming-time-o-usthree-hours-a-waek 2813012024 China slashes kids gaming time to just three hours 2 week |The Star would take a break gradually but it's not stop, ig at all. It will hurt the nascent tech rebound for sure.” Tencent and other companies have said minors account for only a fraction of their businesses, especially after recent restrictions, The country's largest games company has said the revenue from minors yields less than 3% of its gross gaming receipts in China, Other key points in the new rules include: * Allonline games should be linked to a state anti-addiction system, and companies can't provide services to users without real-name registrations * Regulators will ratchet up checks over how gaming firms carry out restrictions on things like playing time and in-game purchases * Regulators will work with parents, schools and other members of the society to combat youth gaming addiction The new rules underscore the extent to which Beijing is intent on curbing gaming addiction among youths and pushing its future workforce toward more productive pursuits. Earlier this month, state media published forceful critiques of the industry and at one point labeled games “spiritual opium’. That description was later removed, but share prices plunged out of concern for further restrictions Tencent, which in 2018 and 2019 grappled with a widespread gaming industry crackdown then focused on myopia among children, is also struggling with a plethora of tightening regulations in areas such as, social media, online finance and commerce. It has proactively reduced the number of hours that minors can play its games, but the company was not nearly as restrictive as the government's new rules. It limited minors to just an hour during weekdays and no more than two hours during vacations and holidays. “Since 2017, Tencent has explored and applied various new technologies and functions for the protection of minors,” Tencent said in a messaged statement. “That will continue, as Tencent strictly abides by and actively implements the latest requirements from Chinese authorities.” “Tencent, NetEase and other online games companies in China may experience merely a modest hit to financial performance from the tightening of time restrictions on minors time spent playing games to three hours per week. “Players under 16 accounted for just 2.6% of Tencent’s domestic gross game spending in 2, with those Next InTech News Wall Street awaits Zoom's next Toyota torestart sel-drving With new privacy aw, China act as pandemic boom cools ‘Olympic village vehicles with could reshape cross-border data more safety staff rules similar to. ft EB Q Home Forvou Bookmark Auto hitpsiwwu.thestar.com myitechtechnews/2021/08/30/china-slashes-kds-gaming-time-o-usthree-hours-a-waek ae13012024 China slashes kids gaming time to just three hours 2 week |The Star Singapore's Shopee changes the game in Brazi’s e-commerce sector Alibaba-backed indie game store aims to vie with Google Tencent beefs up game streaming arm after China kills merger Join our Telegram channel to get our Evening Alerts and breaking news highlights Topic: Video games ) (China ) (Internet) (Technology) (Children) (Government ) How useful is this article to you? wwrrw 63% of our readers find this article useful Found a mistake in this article? 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