China announced new laws to limit microtransactions, affecting major corporations like Tencent.
China announced new laws to limit microtransactions, affecting major corporations like Tencent.
China unveils new laws intended to limit certain practices by gaming companies, leading to some big changes in the nation's gaming market.
These laws will ban rewards for spending money within a game for the first time, ban rewards for buying consecutive microtransactions, and ban rewards for daily log-ins.
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Very rare China W.
Seriously seeing this come from China is
Mildly confusing, very unexpected but very much a cool move.
To add onto what the others have said, the CCP isn’t shy about enforcing restrictions on digital media domestically. For instance, TikTok in China (Douyin) is quite different from the international version with strictly-enforced time limits, content restrictions, etc.
China has always been against gaming it's the money they like.
If it was only money they wanted they would not do this. The limitations they are imposing will cut revenue to their biggest Game companies. I mean, the laws are not in effect and there was already a big crash on Netease and Tencent stock prices.
I think the CCP are just trying to do what they think is best for the welfare of their people.
China doing a better job regulating corporations than the west is nothing new.
Even this current one happened while Tencent was barely recovering from another regulation set last year. Kicking megacorps while they're down lol as they should.
Yeah im sad China is so far ahead of curbing predative monetization than my own country is, now.
But think about the CEO's freedom of abusing gambling addicts outside of a safe environment with virtually no regulation and that can be used by kids and teens!
I actually wouldn't have anything against gacha games if they all were marked as Adult-only, even the most dumbass parents would think twice about buying EA FC if it had the AO rating.
And not only AO, if it included the same required gambling-warnings other gambling system have to show every time they so much as mention their name.
Probably because CCP wants other countries' citizens to be addicted to games but not their own.
How else would they have 9-9-6 model if Chinese youth started going down the path of Japanese hikikomoris?
Well China doesn't like companies having power so this is a way to neuter them, especially in response to trying to limit online game consumption already.
Edit: Tencent is apparently the most profitable company in china right now so this is a direct attack at their profits most likely, not just China doing good
Edit2: This video goes into it a bit https://youtu.be/uieLEIVlQgc?si=mNiOlXPn9k7V6XX-
Very common W