China gaming rules – level 3

China gaming rules

28-12-2023 07:00

New regulations in China aim to curb spending on video games, leading to a substantial market value decline for major gaming companies like Tencent and NetEase.

The rules, introduced by regulators, prevent online games from providing rewards for daily logins, initial spending, or consecutive spending sessions. This impacted common incentive mechanisms in the gaming industry. Investors reacted with concern, causing nearly 80 billion dollars in market value losses. Tencent Games’ vice president Vigo Zhang reassured that the company’s business model wouldn’t require fundamental changes, emphasizing adherence to regulatory requirements.

The regulations also include stipulations on setting spending limits and storage of user data within China. Despite investor concerns, the industry may find relief in the proposed faster game approval process.

Difficult words: incentive (a thing that motivates and encourages someone to do something), adherence (following a rule), stipulation (specific requirement).

You can watch the video news lower on this page.

What specific measures are being implemented in China to regulate the gaming industry and how have investors reacted to these new regulations? What impact has this had on major gaming companies like Tencent and NetEase?

LEARN 3000 WORDS with NEWS IN LEVELS

News in Levels is designed to teach you 3000 words in English. Please follow the instructions
below.

How to improve your English with News in Levels: 

Test

  1. Do the test at Test Languages.
  2. Go to your level. Go to Level 1 if you know 1-1000 words. Go to Level 2 if you know 1000-2000 words. Go to Level 3 if you know 2000-3000 words.

Reading

  1. Read two news articles every day.
  2. Read the news articles from the day before and check if you remember all new words.

Listening

  1. Listen to the news from today and read the text at the same time.
  2. Listen to the news from today without reading the text.

Writing

  1. Answer the question under today’s news and write the answer in the comments.

Speaking

  1. Choose one person from the Skype section.
  2. Talk with this person. You can answer questions from Speak in Levels.

 

Stock images by Depositphotos