First of all, based
Second of all, what’s the read on firing this guy? Did he just fuck up the messaging or are they refusing to double down on the regulations?
IIRC, this wasn’t new regulations, it was an announcement of proposed new regulations, which was then tempered after the initial backlash with a “we’re reading your comments and will take them into consideration” statement. I’m going to assume that they fired him for causing the stock plunge, unless they push through the regulations anyway, in which case it’s because they needed a scapegoat.
Either way, sucks to be him. Imagine getting fired because a bunch of investors panicked when you proposed doing the only sane thing to regulate psychologists manipulating people.
Should have promoted him so he could finish the job
Those bigshots think they’re above turning kids on to gambling.
China wipes out
$80 billion invideo gamestock valuefollowing their new anti-manipulationregulationshow did you already find out the title of the washington post article on this
i own Amazon
omg jeff bezos got on hexbear?
Before Soros???
“value”
please bro just one more loot box bro i swear ill stop addicting kids to shit after this bro pleas
VG Execs after Xi
single handedly 360 no scope saves gaming 
idk, it’s reuters and idk if there china reporting has any relation to reality.
Stopping approval of any new games for eight months, is that all games? Certain categories of games? Sounds like it couldn’t be that simple or the entire inudstry would crash.
If the bits and peices of news about “video games in China” are all connected, it seems like its online video games with loot box mechanics or daily incentives to try to lock a person in psychologically into the loop.
Good on them, then. I have really, really mixed feelings about media censorship, but if the goal is to limit the harm of gambling I support it. The MediaTM tends to conflate China’s attempts to limit the abusiveness of pay2win gaming with outright cultural censorship which really sucks.
There are some legitimately good games that come out of China and I believe a lot of them get some sort of public funding (the ones from smaller devs). The bigger groups tend to just shovel out gatcha trash though, so if this clears the way for more investment in small development teams and culturally relevant or interesting things as those devs who were trapped making gatcha are freed, there could be a Renaissance.
Reuters does not have a good track record on China reporting.
The Financial Times is also reporting the firing of the official. Not sure if they use Reuters as a source. I couldn’t tell from the article.
All these reporters based in Hong Kong seem real critical of the rest of China
Second of all, what’s the read on firing this guy? Did he just fuck up the messaging or are they refusing to double down on the regulations?
My take was that it’s uncertain at the moment. It could be a walk back or it could be them being mad at how it was handled. I’m genuinely hopeful that they might still follow through with measures though, particularly because they haven’t actually said anything about a walk back.
Time will tell.
My copium take is that there’s no way that the government wouldn’t understand banning “”“player retention mechanics”“” would cause a big divestment. They’re used because they make shittons of reliable money! Did they think it was just because devs are too lazy to come up with actual games? That seems like a pretty basic idea that would come across with even cursory investigation into what’s being regulated. Under this hopeful line of thought, it’d probably be a firing for messaging failure rather than a lack of will to follow through.
Anticope take is that the Chinese government is led by old people who don’t really understand video games.
Understanding video games or not, you’d hope they’d at least understand the basic economic reality that addictive products make more money than non-addictive products. That’s why it was banned: it encourages unhealthy usage habits.
Not my problem
Tbh I see this as a delicate way of getting someone to step down while pushing through legislation that’s direly needed. He probably got caught in an anti-corruption sweep.
Gotta pump those numbers up
