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- China’s Beijing Teenagers Law Aid And Research Center has prosecuted Tencent Holdings Ltd (OTC:TCEHY) for alleged unsuitable content for minors in the game developer’s flagship video game, Honor of Kings, Reuters reports.
- The suit coincided with China’s unprecedented antitrust crackdown on leading Chinese tech companies, including Tencent.
- Reportedly, Tencent had reduced the minimum age limit for the game from 18 in 2017 to 12 in 2021.
- Low-cut clothes worn by the game characters and altered storyline with historical figures have triggered the lawsuit.
- An in-game lottery was likely to get the youth hooked to the game for a longer duration.
- Chinese authorities have sought to limit teenage gaming hours, citing eye damage concerns.
- The Honor of Kings game had 100 million daily active users globally in Nov. 2020.
- Price action: TCEHY shares traded higher by 3.42% at $81.06 on the last check Tuesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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