Tencent Loses over $50 billion in value and NetEase value falls by 24% following new Chinese laws.

[Breakingthegreen]

China has implementing some new (and in my opinion, mostly fantastic) laws that will be beneficial to consumers of online games. These laws include: Removing daily login rewards, Set a daily spending limit, probability luck draws to be removed, Streamers of games must not be able to receive large tips.

 

https://insider-gaming.com/chinese-gaming-rules-tencent/

https://www.bbc.co.uk/news/technology-67801091

 

From what I can tell, these laws mostly affect gamers in China and not the way these companies are going to produce games, but the impact is stark, with Tencent and NetEase stock plummeting.

 

I'm not sure if this could mean trouble for the developers under these companies, but if you want to know which games could be affected:

 

• Funcom - owned by Tencent, developers and publishers of Conan and the Dune MMO
• Sumo Group - owned by Tencent, Developers of Sackboy a Big Adventure, Texas Chainsaw Massacre and Hood Outlaws
• Chinese Room - owned by Sumo, Developers of Everybody's gone to the Rapture and Vampire the Masquerades 2 
• Turtle Rock - Majority owned by Tencent, Developers of Back 4 Blood
• Techland - Majority owned by Tencent, Developers of Call of Juarez and Dying Light 2
• Tequila Works - Majority owned by Tensent, Developers of Sexy Brutale, Rime, Gylt and Groundhog Day
• Sky by thatgamecompany was published by NetEase
• Quantic Dream - Owned by NetEase, Developed Heavy Rain and published Under the Waves
• Grasshopper Manufacture - Owned by NetEase, Developers of No More Heroes, Let It Die and Lollipop Chainsaw. 

 

There are others but these are the best known, and there's a chance that no delistings or shutdowns will come out of this with any luck. But it's best to be aware.

[Eraezr]

MFW the Chinese government is more progressive than my country's in protecting kids from addicting gambling loop designs.

[shadaik]

I think the worst affected are probably f2p games, the one major developer/publisher I see affected would be Hoyoverse (Genshin Impact, Honkai Star Rail). Seeing how their games are f2p games planned out for years in advance, this could be really bad unless they leave China (which, honestly, they have enough incentive to do already).

[willows_blessing]

rich people pulling their money out when they learn they can't exploit children and people with gambling addictions is a classic, on the bright side i wonder now if the gaming landscape in china will change afaik most games and the most popular there are just mobile gacha games with these new laws there will probably be less of them coming out 

[majob]

2 hours ago, shadaik said:

I think the worst affected are probably f2p games, the one major developer/publisher I see affected would be Hoyoverse (Genshin Impact, Honkai Star Rail). Seeing how their games are f2p games planned out for years in advance, this could be really bad unless they leave China (which, honestly, they have enough incentive to do already).

Both Genshin and Honkai don't have a daily login reward system in a sense. They have daily missions however.

[Don_Chipotle]

Its just a matter of time before someone creates a product that crosses the line, without actually crossing it, but yeah, in the meantime brands need to understand that China is a gigantic market in numbers, but a different ecosystem that one day will have laws and restrictions, and tomorrow it will be totally different for everyone.

[Jeanolt]

Why the daily login rewards?? I don't think they change things that much 

[majob]

2 minutes ago, Jeanolt said:

Why the daily login rewards?? I don't think they change things that much 

Some believe it leads to a compulsion to log into the game because not doing so means missing out on a daily reward.

[sepheroithisgod]

 

6 minutes ago, majob said:

Some believe it leads to a compulsion to log into the game because not doing so means missing out on a daily reward.

This^

 

It is a form of FOMO that helps compel the user to play the game every day. Actual casinos will often give you a trivial amount of free credit so you can use slot machines to help get you in the front door and on the first step to addiction. The daily login replicates this, but continuously.

[Jeanolt]

13 minutes ago, majob said:

Some believe it leads to a compulsion to log into the game because not doing so means missing out on a daily reward.

That's true. Although it should be said that in many mobile games the rewards simply aren't enough to justify logging without playing. I can't talk about console games, so if they are bigger, then it's totally justified to remove them.