TCEHY - Chinese Gaming Firms Announce Share Buybacks Post-Regulatory Shake-Up: Will Tencent NetEase Stocks Rebound? | Benzinga
In response to investor worries following market disruptions due to regulatory measures, several smaller Chinese gaming companies have announced plans to buy back shares.
According to Reuters, the move is aimed to reassure investors following draft rules announced by Chinese regulators on Friday. These rules proposed restrictions on certain incentives in online games, causing a sharp decline in gaming company shares.
See Also: China Regulator Surprises Gaming Industry With Nod For 105 Online Titles After Investors Burn Hands
The proposed regulations, intended to ban various common incentive mechanisms, triggered a market downturn. In ...