Write to Sherry Qin at Dow Jones NewswiresĬopyright (c) 2023 Dow Jones & Company, Inc.Įvaluate the market like an analyst. Many parts of the draft rules aren't new, and most online games have been operating under tight supervision, they said in a research note. This rating has decreased by -8 over the last 12 months. 74 of employees would recommend working at Aristocrat to a friend and 74 have a positive outlook for the business. The Hong Kong market is closed for the Christmas holiday.Ĭiti analysts called Friday's selloff in gaming stocks an overreaction. Aristocrat has an overall rating of 3.8 out of 5, based on over 940 reviews left anonymously by employees. On Friday, Tencent's Hong Kong-listed shares dropped 12%, wiping out $46 billion in market value in response to the proposed gaming curbs. The rebound came after Chinese regulators approved 105 videogames on Monday amid efforts to ease concerns after tough new gaming rules proposed triggered massive losses.Ĭhina's National Press and Publication Administration will 'further revise and improve the drafted proposal' after soliciting public opinion, it said in a Saturday statement. Hangzhou Electronic Soul Network Technology and Sichuan Xunyou Network Technology advanced as much as 6.5% and 8.7%, respectively. Shares of Shanghai-based online-game company Kingnet Network rose 6.0% early Tuesday before paring gains to trade 2.3% higher at 10.08 yuan ($1.41) at midday.

Chinese gaming stocks listed in Shanghai and Shenzhen rebounded after regulators softened their stance on the latest proposal to further tighten controls on online games.

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