Technology

China’s gaming stocks plunge as state media again slams them as ‘spiritual opium,’ including the wildly popular Honor of Kings




China’s gaming stocks slumped in early trading on Tuesday, as publishers and distributors were slammed by renewed denunciation by the state media on the sector.Tencent Holdings, the world’s largest owner of mobile and computer-based game titles, plunged by as much as 10.8 per cent to as low as HK$423.60 in Hong Kong, the biggest intraday percentage drop in more than a year, extending the 27 per cent decline since July in the wake of China’s antitrust crackdown on its exclusive streaming music…



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