Chinese tech giant Tencent says it will work with Chinese regulators to limit the amount of money and time minors spend on online games across its platforms
Tencent Holdings Ltd. pledged to work with Chinese regulators and industry counterparts to manage how minors use online games and said its April-to-June electronic-game revenue rose at its slowest pace since 2019 amid China’s intensifying scrutiny of the tech sector.
Tencent President Martin Lau said that regulators are focused on limiting the amount of time and money that minors devote to online games across all platforms and that the company has been proactively addressing the issue. Tencent, a dominant player in China’s mobile game market, stands to benefit from such potential rules because consumers are likely to flock to its games with the limited amount of time they have.
“If we can actually find a way to regulate the total amount of time that is spent across different games, that would address the problem,” Mr. Lau said in a conference call Wednesday. “From the practicality perspective, it is actually doable.”
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