Naspers and Prosus crash as China hits gaming pause button
Chinese regulators have reportedly told tech firms new games will be suspended
Prosus, which houses Naspers’s global internet business, including a nearly one-third stake in Tencent, had its worst day in more than a month on Thursday after reports that Chinese regulators are stepping up efforts to limit online gaming.
The South China Morning Post, citing unidentified people, reported that regulators told Chinese tech firms that approval of new games is to be suspended. This was during a meeting at which their focus on profit was questioned...