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China Game Stocks in U.S. Fall on Beijing’s Latest Crackdown

  • NetEase, Tencent and Bilibili all fall more than 1% on Monday
  • China to limit minors to three hours of gaming per week
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Beijing’s Latest Crackdown Focuses on China Game Stocks
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Chinese gaming stocks listed in the U.S. came under pressure once again on Monday after regulators in Beijing cut back the amount of time children can play online each week to just three hours.

American depositary receipts of gaming giant NetEase Inc. plunged as much as 8.8%, while Tencent Holdings Ltd. -- which gets about a third of its revenue from video games -- dropped 1.1% on the day. Other gaming-related stocks also closed lower with Bilibili Inc. losing 1.6% and Huya Inc. falling 3.7%