Connect with us


Gaming stocks plunge as Chinese authorities protest “effeminacy”



PHOTO: The Chinese government is pushing gaming companies to avoid effeninacy. (via CGTN)

Gaming companies are taking a hit in the stock market as authorities in China have been cracking down harder and harder on their perceived negative effects in Chinese society. The government has already ordered them to limit how much gaming time children have, and have pushed back on things like obscenity, violence, money worship, and now the idea that video games are breeding effeminacy.

The older generation of leaders within the Communist Party feel uncomfortable with a broader portrayal of men and masculinity and are calling on video games to curb it. They don’t want to see any representation of “sissy” men or what they call abnormal aesthetics.

They view men who are not traditionally masculine and tough as effeminate, weak both physically and emotionally, and therefore unable to defend themselves and, more importantly, the nation of China. The establishment views heterosexuality as the only acceptable gender norm causing feelings of unease when they see ambiguous sexuality or gender identity in any media outlet including video games.

To this point, they also believe that the excessive amount of gaming that Chinese youth partake in is softening their character and making them weaker, addicting them to the internet and video games, and even destroying their eyesight.

The government already pushed gaming companies to restrict children to only 3 hours of video game time online per week. Tencent, a large gaming company recently rolled out a so-called midnight patrol – facial recognition technology that will stop children from bypassing gaming curfews.

As one could imagine, Chinese authorities ordering video game companies to stop focusing on expanding their fan base and profits and instead focus on changing game designs and rules to prevent gaming addiction has not been popular in the stock market, with major online gaming companies taking a huge hit.

China has a multi-billion-dollar gaming economy, and stock prices for big names like NetEase and Tencent plummeted this week, falling 11% and 8.5% respectively. The tightening in the tech field has had a ripple effect with e-commerce companies like Alibaba and also falling over 5 and a half percent.

Investors are nervous about the future of gaming in China and the profitability of it with the government rallying to minimize gaming time and meddling in the design and operation of the gaming industry.

SOURCE: Thai PBS World


Get more from The Thaiger

Neill is a journalist from the United States with 10+ years broadcasting experience and national news and magazine publications. He graduated with a degree in journalism and communications from the University of California and has been living in Thailand since 2014.

Follow Thaiger by email:

Video10 hours ago

Siam Paragon Bangkok International Fashion Week 2022

Thailand12 hours ago

Thailand News Today | Flash flooding to hit every region of Thailand

Thailand12 hours ago

Off-duty officer fires shots & fights with Bangkok cabbie

Sponsored20 hours ago

Starting a business and obtaining SMART Visa in Thailand is easy with Startup Booster

Thailand13 hours ago

Venomous snake emerges from parcel at sorting office in Thailand

Technology13 hours ago

Line Man Wongnai now Thailand’s largest tech startup

Thailand14 hours ago

Customer buys brand new Honda PCX motorbike with coins in eastern Thailand

Join the conversation on the Thaiger Talk forums today!
Drugs14 hours ago

Drug chase ends in flipped car, 6 million spilled Yaba pills

Thailand15 hours ago

169 Thai police officers dismissed for serious violations

World15 hours ago

Edward Snowden received Russian citizenship

Thailand15 hours ago

American told to stop riding go-kart in Chiang Mai

Thailand16 hours ago

Thailand legalises abortion up to 20 weeks

Coronavirus (Covid-19)17 hours ago

Nasal spray to prevent Covid hits stores October 1

Crime17 hours ago

China backs Philippines online gambling crackdown

Crime17 hours ago

Foreign gang allegedly extorts Russian couple of crypto worth US$50k in Thailand

Events19 hours ago

Meatfest will host meat cooking and eating contests in Pattaya

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11