September 9 (Reuters) – China has temporarily suspended approval of all new online games in a bid to tackle gambling addiction among young people, according to the South China Morning Post reported Thursday citing people familiar with the subject.
The decision was revealed during a meeting between Chinese authorities and industry giants Tencent Holdings Ltd (0700.HK) and NetEase Inc (9999.HK), the report said, adding that it was not clear until when the suspension would last.
Beijing had summoned game companies including Tencent and NetEase on Wednesday. Read more
Tencent declined to comment. NetEase did not immediately respond to Reuters’ request for comment.
China decided in August to ban people under 18 from playing video games for more than three hours a week, saying it was necessary to tackle a growing addiction to what it once called “spiritual opium. “. Read more
China has waged a massive crackdown on a wide range of sectors, including technology, education and real estate, to strengthen government control after years of soaring growth. Read more
Reporting by Anirudh Saligrama in Bengaluru Editing by Raissa Kasolowsky and John Stonestreet
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