![China’s gaming crackdown causes top 3 companies $80 bn market value loss, Tencent alone sheds $50 bn](https://images.firstpost.com/wp-content/uploads/2023/12/Chinas-gaming-crackdown-causes-top-3-companies-80-bn-market-value-loss-Tencent-alone-sheds-50-bn.jpg)
China’s gaming crackdown causes top 3 companies $80 bn market value loss, Tencent alone sheds $50 bn
The top three publicly listed game development and publishing studios, lost as much as $80 billion in market value, with Tencent alone shedding over $50 billion. Tencent saw its value slip by 16%, NetEase by 28 per cent, whereas Bilibili took a 14 per cent dive Shares of major Chinese tech giants experienced a substantial…