The Chinese Communist Party wants (a bit) less consumer internet
The signals it is sending to investors are loud, if somewhat cacophonous
INVESTORS IN CHINESE tech stocks might feel like characters in an online “party game”, a type of multiplayer activity that became all the rage in 2023. The latest addition to the genre is “DreamStar”, released on December 15th by Tencent, China’s biggest digital giant, with a big gaming business. Players speed around a track as cartoon sheep and pandas, dodging cannon balls and grabbing magic clouds, sometimes plummeting through chasms only to end up back where they started.
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This article appeared in the Business section of the print edition under the headline “Hard-tech tonic”
Business January 6th 2024
From the January 6th 2024 edition
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