China imposes the world’s strictest limits on video games
Foreign firms will be hit as well as Chinese ones
IT IS HARD work being a capitalist in a communist dictatorship. In the past few months China’s authorities have gone after big technology firms for alleged abuse of monopolistic power and the misuse of data. In the name of social cohesion they have banned for-profit tutoring and hectored companies and billionaires about their wider social responsibilities. The crackdown is reckoned to have wiped more than $1trn off the value of China’s biggest tech firms.
This article appeared in the Business section of the print edition under the headline “Game over”
Business September 4th 2021
- The future of meetings
- Flush with billions, Databricks has momentum and big plans
- An electric-vehicle startup aims for a stellar valuation
- China imposes the world’s strictest limits on video games
- The trial of Elizabeth Holmes gets under way
- Why people are always so gloomy about the world of work
- In the metaverse, will big gaming eventually become big tech?
From the September 4th 2021 edition
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