NTES - What's Going On With Alibaba Stock Wednesday? | Benzinga
Alibaba Group Holding Limited (NYSE: BABA) and peers including Tencent Holdings (OTC: TCEHY) NetEase, Inc (NASDAQ: NTES) shares saw some redemption Tuesday after Chinese regulators pledged to revise stringent video game rules that had caused a market uproar.
China's gaming regulator, the National Press and Publication Administration, proposed revised rules to address concerns, approving 105 new game licenses for December.
Shares of Tencent and NetEase saw brief recoveries, up 5% and 10%, respectively, following recent massive declines ...