Tencent, China tech stocks dismiss sign of easing curbs on gaming

The National Press and Publication Administration, the gaming watchdog, has softened its tone, pledging to review its more controversial mandates. — Bloomberg

SHANGHAI: Shares in Tencent Holdings Ltd and its Chinese rivals shrugged off signs Beijing is trying to tamp down a backlash against harsh new regulations that triggered an US$80bil rout.

Beijing has removed a top official who helped oversee China’s gaming industry, Reuters and the South China Morning Post reported.