|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||461.40 - 466.80|
|52-week range||361.00 - 766.50|
|Beta (5Y monthly)||0.52|
|PE ratio (TTM)||20.02|
|Forward dividend & yield||1.60 (0.36%)|
|Ex-dividend date||24 May 2021|
|1y target est||N/A|
Over 200 Chinese gaming companies have pledged to regulate their industry to combat gaming addiction, including through the possible use of facial recognition to identify minors, a state-backed gaming association said on Friday. The statement, published by the CGIGC gaming association, which is affiliated to the online game publishing regulator National Press and Publication (NPPA), on its official WeChat account, was signed by 213 companies including Tencent Holdings and NetEase. China has expressed strong concern over growing video game addiction among its youth and the NPPA last month published new rules that forbid under-18s from playing video games for more than three hours a week.
Tune in as they talk about the current regulatory environment in China, how investors should view opportunities in the region, and much more! Kai Zhang is a senior analyst with Esoterica Capital, an asset management firm based in New York City, New York, focused on investing in the digital economy. Recently, I had the opportunity to chat with Kai about the current regulatory environment in China, how investors should view opportunities in the region, and much more.
The thought of a Lehman Brothers-esque collapse in China sent U.S. investors running for the exits Monday. The Dow Jones Industrial Average (^DJI) sank 614 points, while the S&P 500 (^GSPC) fell 75 points and the Nasdaq Composite (^IXIC) plunged 330 points. It was the market’s worst one day slide in months and shattered an extended stretch of calm for stocks. The S&P 500 hadn’t fallen more than 1% since mid-August. Investors were rattled by news that the major Chinese real estate developer, Evergrande, is close to defaulting on a mountain of debt and worried that Beijing will allow the company to crash and burn.