TCEHY - What's Going On With Alibaba Stock Tuesday? | Benzinga
Alibaba Group Holding Limited (NYSE: BABA) stock is trading higher Tuesday amid reports of China approving 105 domestic games following recent industry restrictions that caused an $80 billion market downturn.
The approved titles included games from top publishers Tencent Holdings Ltd (OTC: TCEHY) and NetEase Inc (NASDAQ: NTES), indicating a potential easing pressure on these companies, Bloomberg reports.
However, concerns intensified last Friday when the National Press and Publication Administration (NPPA) announced new regulations to curb online game development.
These rules include capping spending for adult players, banning certain in-game rewards, forced player-versus-player matches, and content that violates ...