It appears that China’s gaming industry still hasn’t come close to hitting rock bottom. According to the South China Morning Post, China’s Cyberspace Administration (CAC) has drafted yet another round of restrictions on online services from games to streaming to social media.
The government is essentially requiring companies to create a “youth mode” that will limit the amount of time and money minors can spend on these platforms. SCMP notes several gaming companies and social media groups in China lost significant stock value on the news, though of course there’s quite a bit more behind yesterday’s large market dip in China than just that. Either way, it’s not the first time Tencent et al. have lost domestic stock value because of the Chinese government’s regulatory incursions.
Readers will recall – and if they don’t recall, there’s a huge list of stories below to jog their recollection – that China has been cracking down on all things internet, including online gaming, for many years now; it’s repeatedly frozen new game approvals, attempted to root out sex and LGBTQ representation, limited minors’ gametime, introduced age tiering for games, and blasted gaming as “spiritual opium.”
• China’s National Radio and Television Administration bans access to livestreams of unapproved games
• Tencent to cut off Chinese gamers accessing unapproved foreign titles through an internet speed booster
• MMO Business Roundup: China’s freeze, ABK’s new diversity officer, and Sony and Epic’s metaverse
• China’s continued freeze on new gaming approvals sees 14,000 gaming firms in the country shut down
• Steam’s global version appears to have been blocked in China
• Fortnite is closing down in China on November 15
• MMO Business Roundup: China’s crackdown, the COVID bubble, MY.GAMES hires, and the Shatterline leak
• China adds new rules against games with ‘effeminate males’ and ‘blurred moral boundaries’
• Regulators in China and the UK turn their eyes toward streaming, gaming currency
• Tencent, Netease hit with stock losses amid China’s gaming industry clampdown
• China’s new kid gaming time regulations are already causing industry trainwrecks
• China now limits minors’ gaming time to three hours a week, indicates anti-monopoly policies are forthcoming
• Krafton’s IPO launch didn’t go to plan thanks to China and Tencent
• Tencent reacts to Chinese state media calling online games ‘spiritual opium’ by adding new restrictions
• China’s video game regulators introduce a three-tier age rating system for games
• MMO Business Roundup: Tencent facial recognition, Chinese gaming regulation, anti-cheat, and hackers
• China is cracking down on online games and streaming even more with ‘Healthy China 2030’
• China is really adding that youth gaming curfew and block on sex and gore in games
• Lawful Neutral: What’s China really worth to the Western gaming industry?
• Mark Kern didn’t just quit WoW Classic: He accused his old Firefall studio of Chinese corruption
• Newly proposed Chinese gaming regulations target romantic plotlines and sexual content
• Tencent gives up on PlayerUnknown’s Battlegrounds being approved in China
• China reveals new regulatory system for online video games after more than a year of confusion
• MMO Business Roundup: Prince Harry vs Fortnite, China’s big thaw, Gamigo’s new acquisition, and industry transparency
• China puts a freeze on new game approval (again)
• China is approving games again, but none of them is from Tencent or Netease
• China’s Online Games Ethics Committee lifts year-long ‘freeze’ on game licenses but bars multiple games
• Tencent is pulling back its marketing budget in response to China’s ongoing game freeze
• Tencent is expanding draconian ‘healthy gaming’ child blocks across all of its titles
• Tencent is working on locking kids out of Chinese games using facial recognition tech
• Here’s what’s going on with China’s video game approval process in simple terms
• Tencent’s market value dropped by $20B following new Chinese gaming regulation plans
• The World Health Organization advances its ‘gaming disorder’ classification in spite of heavy criticism
• Nexon is heavily affected by China’s new game import laws
• Pokemon Go: Increasing physical activity in the US, blockaded in China
• China bans streaming games not approved by the Ministry of Culture