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Chinese gaming cos unveil share buybacks
Mint Mumbai
|December 27, 2023
A slew of smaller Chinese gaming companies have announced share buybacks-plans seen as an attempt to reassure investors after the market was spooked by regulatory moves to clamp down on consumer spending on games.
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Last Friday, regulators published draft rules that would ban online games from giving players rewards if they log in every day, if they spend on a game for the first time or if they spend several times on a game consecutively. All are common incentive mechanisms in online games.
Cette histoire est tirée de l'édition December 27, 2023 de Mint Mumbai.
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