Shares of Tencent Holdings, China’s biggest gaming and social media firm by revenue, fell more than 3 percent on Wednesday, extending losses after it said it will limit play time for some young users of « Honour of Kings ».
The Chinese communist party mouthpiece, the People’s Daily, has also stepped up its criticism of the game, helping it fall more than 4 percent on Tuesday.
Shares of the company slid more than 3 percent early on Wednesday, compared with a 0.7 percent drop for the broader index.
(Reporting by Anne Marie Roantree; Editing by Edwina Gibbs)
