China's Economic Information Daily said teenage addiction to online gaming is widespread and could have a detrimental impact on their education.
Since their peak in February, Chinese tech stocks have lost more than $500 billion in market value amid an ongoing regulatory crackdown.
Prosus said it plans to sell $14.6 billion of Tencent stock, but it will remain the tech giant's largest shareholder holding 28.9% of the firm.
Chinese authorities are stepping up its scrutiny of the country's fintech firms, and Tencent could be in the firing line.
Tencent stock tanked as much as 10% on Friday following President Trump’s executive order targeting its WeChat app. The order arrived in tandem with a similar order against ByteDance’s TikTok app. Both Chinese companies face a ban from US transactions set to take effect in 45 days. The orders escalate […]