Nasdaq-listed gaming giant NetEase and ecommerce giant Alibaba have also jumped on the metaverse trademarking bandwagon.
Both tech behemoths changed the word "NFT" to "digital collectibles" on their platforms and websites.
Web users pointed out the similarities between a video for Tencent game Douluo Continent and the trailer for Final Fantasy XIV: Shadowbringers.
Six of the 10 billionaires who have lost the most wealth this year are Chinese business figures, including top names at Pinduoduo, Evergrande, and Tencent.
The study by Approve.com compared the market cap of the 50 biggest public companies alongside their average annual growth.
Investors in Chinese stocks have historically been rewarded with long-term outperformance, said Allianz Global Investors.
Ximalaya - which enjoys backing from Tencent, Baidu, Sony, and others - may have worried regulators on account of its troves of user data.
Tencent and NetEase were called to meet with regulators about new restrictions on video gaming for minors, according to the South China Morning Post.
Sorry, kids: China's government is cutting down on game time for kids to just three hours per week, and only on Friday through Sunday.
Some international investors seemed to be wading back into Chinese tech stocks on Tuesday, with big-names like Cathie Wood buying the dip.
On the tech giant's second-quarter earnings call, Tencent's president said he expects more regulatory changes but the company will navigate them.
TSMC has soared as overwhelming global demand for its chip components has hit industries from autos to gaming.
The proposed regulations would limit the way companies can attract consumers and are allowed to analyze user and competitor data.
Tencent has made 168 investments year-to-date, which is more than double and triple the number of investments it made in 2020 and 2019, respectively.
China's Economic Information Daily said teenage addiction to online gaming is widespread and could have a detrimental impact on their education.
Tencent's acquisition spree in the video games sector continues. It's struck a deal to buy Britain's Sumo for $1.27 billion.
Beijing continues to clamp down on monopolies among big tech, blocking plans by Tencent to merge China's top two video game streaming websites.