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NTES - NetEase Inc News Story

$107.47 -4.3  -3.9%

Last Trade - 02/12/21

Sector
Technology
Size
Large Cap
Market Cap £57.39bn
Enterprise Value £50.41bn
Revenue £9.82bn
Position in Universe 174th / 7294

Chinese gaming firms vow self-regulation amid crackdown on teen addiction

Fri 24th September, 2021 6:36am
BEIJING, Sept 24 (Reuters) - Over 200 Chinese gaming
companies have pledged to regulate their industry to combat
gaming addiction, including through the possible use of facial
recognition to identify minors, a state-backed gaming
association said on Friday.
    The statement, published by the CGIGC gaming association,
which is affiliated to the online game publishing regulator
National Press and Publication (NPPA), on its official WeChat
account, was signed by 213 companies including Tencent Holdings
 0700.HK  and NetEase  NTES.O .  
    China has expressed strong concern over growing video game
addiction among its youth and the NPPA last month published new
rules that forbid under-18s from playing video games for more
than three hours a week. Companies and investors worry more
actions against the industry could be in store.
    The companies also pledged to crack down on content that
distort history or promote "effeminate" behaviour https://www.reuters.com/world/china/china-radio-tv-body-strengthen-regulation-cultural-programmes-salaries-2021-09-02/?taid=61304d7370a3ad00010ae779&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
 and will also work to prevent breaches of these rules, such as
the use of foreign gaming platforms, the CGIGC said.
    Tencent in July rolled out a facial recognition function
dubbed "midnight patrol" that parents can switch on to prevent
children from using adult logins to get around the government
curfew.

 (Reporting by Yingzhi Yang and Brenda Goh; Editing by Sam
Holmes)
 ((Yingzhi.Yang@thomsonreuters.com; +861056692133;))
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