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Tencent spearheads $80 billion decline in value amid fears of China's crackdown on gaming industry

Tencent spearheads $80 billion decline in value amid fears of China's crackdown on gaming industry

Dec 23, 2023, at 03:13 am

Beijing: Tencent Holdings Ltd. led an $80 billion market rout in several major Chinese online companies, following the sudden implementation of new gaming restrictions that reignited concerns about Beijing's renewed focus on the nation's vast internet sector, Bloomberg reported.