dec 22, 2023 - The National Press and Publication Administration (NPPA) released the draft for public comment of "The Online Game Management Measures," aimed at curbing game addiction and regulating excessive in-game spending, especially among minors.

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The draft prohibits online games from offering incentive-based rewards such as daily log-in bonuses, first-time top-up bonuses, and consecutive recharge rewards. The announcement immediately triggered a market shock, wiping out over 600 billion RMB in market value from Chinese video game companies.

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