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Aug 3, 2021

Chinese tech stocks plunge after online gaming is branded “spiritual opium”

From the BBC World Service: Shares of big online game makers including Tencent and NetEase fell more than 10% respectively after Chinese state media criticized the level of internet addiction among young people. Plus, farmers in eastern Kenya turn to sunflowers after neighbors banned exports of a popular cash crop. And Britain’s finance minister tells young people that networking in an office is important when it comes to advancing your career.

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China has branded online games as "electronic drugs" causing shares in online game makers to plunge.
China has branded online games as "electronic drugs" causing shares in online game makers to plunge.
Noel Celis/AFP via Getty Images

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Chinese tech stocks plunge after online gaming is branded “spiritual opium”