Stephen TruthPeter YCS:
On December 22, the State Press and Publication Administration issued the “Measures for the Administration of Online Games (Draft for Comments)”. Among them, it was mentioned that online games must not set inductive rewards such as daily login, first deposit, or continuous recharge. It is widely believed in the industry that this approach, once implemented, will have a huge impact on the gaming industry. After the “Measures” were released in the afternoon, the stock prices of NetEase and Tencent fell sharply in response. As of 3 p.m. on the 22nd, NetEase (09999.HK) reported HK$118.7 per share, a decrease of over 26.64%, the biggest drop of 27.94%; Tencent (00700.HK) reported HK$271 per share, a drop of more than 13%, with the biggest drop of 14.27%. Based on this calculation, the market value of the two leading game companies evaporated at least HK$572 billion (approximately RMB 520 billion). In the evening, a video of “Precision Sniper Game Industry Put Options 30x” went viral, pointing out that the news had leaked ahead of time. Even on December 21, some people laid out short options ahead of schedule and exploded 30 times in profit. If this matter is taken seriously, the results are bound to be no small feat.
Peter YCS : Why did it suddenly plummet
Peter YCS : Hong Kong stocks are quickly falling through the bottom
Stephen Truth Peter YCS: On December 22, the State Press and Publication Administration issued the “Measures for the Administration of Online Games (Draft for Comments)”. Among them, it was mentioned that online games must not set inductive rewards such as daily login, first deposit, or continuous recharge. It is widely believed in the industry that this approach, once implemented, will have a huge impact on the gaming industry. After the “Measures” were released in the afternoon, the stock prices of NetEase and Tencent fell sharply in response. As of 3 p.m. on the 22nd, NetEase (09999.HK) reported HK$118.7 per share, a decrease of over 26.64%, the biggest drop of 27.94%; Tencent (00700.HK) reported HK$271 per share, a drop of more than 13%, with the biggest drop of 14.27%. Based on this calculation, the market value of the two leading game companies evaporated at least HK$572 billion (approximately RMB 520 billion).
In the evening, a video of “Precision Sniper Game Industry Put Options 30x” went viral, pointing out that the news had leaked ahead of time. Even on December 21, some people laid out short options ahead of schedule and exploded 30 times in profit. If this matter is taken seriously, the results are bound to be no small feat.