The National Press and Publication Administration publicly solicited opinions on Friday regarding a draft aimed at further regulating online games. In this initiative, the administration seeks to prohibit inducement rewards for daily logins and top-ups. The draft further stipulates that all online games must establish user top-up limits.
In the wake of this announcement, shares of listed gaming companies a sharp decline. NetEase witnessed a 23 percent drop, Tencent saw a 13 percent decrease, and Bilibili's stocks declined by 9 percent.
