Categories

China’s Gaming Industry Collapses! $80 Billion Vanishes Overnight, Companies to Cut 2/3 of Staff

Published: 04 January 2024
on channel: China Observer
147,247
3.2k

This news quickly stirred the gaming stock market. On the same day, shares of gaming companies on the Hong Kong Stock Exchange and the Shenzhen Stock Exchange plummeted. NetEase was down 24.6%, with a market value loss of HK$128 billion; Tencent Holdings fell 12.4%, evaporating HK$367 billion in market value.
#chinaobserver
All rights reserved.

Watch video China’s Gaming Industry Collapses! $80 Billion Vanishes Overnight, Companies to Cut 2/3 of Staff online without registration, duration hours minute second in high quality. This video was added by user China Observer 04 January 2024, don't forget to share it with your friends and acquaintances, it has been viewed on our site 147,247 once and liked it 3.2 thousand people.

play_arrow
155
12

27 octobre 2022

27 octobre 2022
play_arrow
1,034
5

Stop Microsoft edge creating desktop shortcut in Windows 11 / 10 | Edge Keeps Appearing On Desktop

Stop Microsoft edge creating desktop shortcut in Windows 11 / 10 | Edge Keeps Appearing On Desktop
play_arrow
14,835
176

LIMP BIZKIT - Live at ROCK IM PARK, 04.06.2023 / Pit Cam

LIMP BIZKIT - Live at ROCK IM PARK, 04.06.2023 / Pit Cam
play_arrow
388
23

Enscape 4.2 Atualizado: Instalação e Configuração Fácil

Enscape 4.2 Atualizado: Instalação e Configuração Fácil
play_arrow
10,283
812

🔥 РАЗДАЧА ARK: SURVIVAL EVOLVED В STEAM БЕСПЛАТНО!

🔥 РАЗДАЧА ARK: SURVIVAL EVOLVED В STEAM БЕСПЛАТНО!
play_arrow
57
2

🔴 LIVE - Battlefield 2042 Gameplay | Season 7 NEW MAP!

🔴 LIVE - Battlefield 2042 Gameplay | Season 7 NEW MAP!
play_arrow
32,015
170

Dance! Do a Slo-Mo. Now, Freeze!

Dance! Do a Slo-Mo. Now, Freeze!

play_arrow
26
0

Wattsburg School Board write-ins winners weigh in on election

Wattsburg School Board write-ins winners weigh in on election
Related
play_arrow
‘China’s Nvidia’ Valued at $10 Billion Collapses Overnight! 400 Workers Jobless, Unpaid

‘China’s Nvidia’ Valued at $10 Billion Collapses Overnight! 400 Workers Jobless, Unpaid
play_arrow
China’s Fake Expo: Aunties Pose as Customers, $70 Hires a Fake Foreigner, Exhibitors Demand Refunds

China’s Fake Expo: Aunties Pose as Customers, $70 Hires a Fake Foreigner, Exhibitors Demand Refunds
play_arrow
US Factory With 10,000 Workers Exits China, Ending 40 Years of Operations, Hitting Foshan Hard

US Factory With 10,000 Workers Exits China, Ending 40 Years of Operations, Hitting Foshan Hard
play_arrow
Total Chaos! 25 Million EV Owners Despair as 300 Million EVs Could Cause 42,900 Fires Daily

Total Chaos! 25 Million EV Owners Despair as 300 Million EVs Could Cause 42,900 Fires Daily
play_arrow
Guangdong's Manufacturing Collapses: Workers Struggle with Less Than Two Months of Work a Year

Guangdong's Manufacturing Collapses: Workers Struggle with Less Than Two Months of Work a Year
play_arrow
Top Chinese University Students Live Worse Than Pigs? Over 100 High Schoolers Crammed Like a Camp

Top Chinese University Students Live Worse Than Pigs? Over 100 High Schoolers Crammed Like a Camp
play_arrow
100 Million People in China Can’t Afford Mooncakes; They Pile Up Unsold as Money Runs Out

100 Million People in China Can’t Afford Mooncakes; They Pile Up Unsold as Money Runs Out
play_arrow
China’s Largest Audit Firm PwC Faces Mass Layoffs, Client Cancellations, and a 70% Revenue Drop

China’s Largest Audit Firm PwC Faces Mass Layoffs, Client Cancellations, and a 70% Revenue Drop
play_arrow
Wearing Japan Logo T-Shirts Is Banned in China! Two Western Tourists Reported—Who Dares Visit Now?

Wearing Japan Logo T-Shirts Is Banned in China! Two Western Tourists Reported—Who Dares Visit Now?
play_arrow
China's EVs Fail in Europe; Poor Quality, No Sales! 80% of Firms Back Tariffs

China's EVs Fail in Europe; Poor Quality, No Sales! 80% of Firms Back Tariffs
play_arrow
Multiple Disasters Trigger Widespread Crop Failure in China! Food Crisis May Erupt Within 120 Days

Multiple Disasters Trigger Widespread Crop Failure in China! Food Crisis May Erupt Within 120 Days
play_arrow
China’s Police Chief’s Mistress Slaps Veterans; They Rise up in Protest, Confronting the Police

China’s Police Chief’s Mistress Slaps Veterans; They Rise up in Protest, Confronting the Police
play_arrow
China’s Too Hot, No Power! 750,000 EV Owners Suffer, Queuing 10 Hours, Can’t Charge

China’s Too Hot, No Power! 750,000 EV Owners Suffer, Queuing 10 Hours, Can’t Charge
play_arrow
China’s Banks in Deep Crisis: $50,000 Withdrawn, $30,000 Found to Be Fake

China’s Banks in Deep Crisis: $50,000 Withdrawn, $30,000 Found to Be Fake
play_arrow
Beijing, Shanghai Are Done! 1 Million Eateries & Hotels Close, Signaling China’s Economic Collapse

Beijing, Shanghai Are Done! 1 Million Eateries & Hotels Close, Signaling China’s Economic Collapse
play_arrow
CCP Urges 'Scraping the Barrel' as Local Governments Near Bankruptcy

CCP Urges 'Scraping the Barrel' as Local Governments Near Bankruptcy
play_arrow
Hainan in Tears: Typhoon Capricorn Leaves Devastation; 520K Impoverished Overnight, $10 Billion Lost

Hainan in Tears: Typhoon Capricorn Leaves Devastation; 520K Impoverished Overnight, $10 Billion Lost
play_arrow
China’s Most Advanced Warship a Flop: Fake Vertical Launch, Bogus HQ-10, No Cannons Installed

China’s Most Advanced Warship a Flop: Fake Vertical Launch, Bogus HQ-10, No Cannons Installed
play_arrow
NIO, China’s EV Giant, Nears Bankruptcy With an $2 Billion 8-Year Loss; 400+ Automakers Ousted

NIO, China’s EV Giant, Nears Bankruptcy With an $2 Billion 8-Year Loss; 400+ Automakers Ousted
play_arrow
Three Gorges Dam Replacing Dongting Lake Is a Huge Failure, Frequent Breaches, $28.3 Billion Wasted

Three Gorges Dam Replacing Dongting Lake Is a Huge Failure, Frequent Breaches, $28.3 Billion Wasted
play_arrow
China vs. Japan: Navy Destroyed in 15 Hours, CCP Government Toppled in 7 days?

China vs. Japan: Navy Destroyed in 15 Hours, CCP Government Toppled in 7 days?
play_arrow
The Grim Reaper Has Arrived! Super Typhoon Slammed into China, Devastating Half of Hainan Island

The Grim Reaper Has Arrived! Super Typhoon Slammed into China, Devastating Half of Hainan Island
play_arrow
Lai Ching-te Pressures Xi to Reclaim 1.5 Million Square Kilometers of Territory Occupied by Russia

Lai Ching-te Pressures Xi to Reclaim 1.5 Million Square Kilometers of Territory Occupied by Russia
play_arrow
Banking Crisis in China Hits Hong Kong, Foreclosures up for 3 Mos, Surpassing Financial Crash Levels

Banking Crisis in China Hits Hong Kong, Foreclosures up for 3 Mos, Surpassing Financial Crash Levels