Children and young gamers in China rent adult accounts to play video games due to new restrictions

Renting your video game account to a young gamer seems like a lucrative and harmless business, but those who bypass the new restrictions imposed in China already have legal problems.

Shares of Chinese video game companies plummet amid state pressure for underage addiction

On September 2, the Chinese government issued its mandate that no one under the age of 18 can play more than three hours of video games per week.

China's Limit on Children's Gaming Time Goes Into Effect

The new crackdown means children can play games on Fridays, Saturdays, Sundays and national holidays, but only between 8 p.m. and 9 p.m.

China bans children and teens from playing video games for more than three hours a week

Minors will only be able to access video games on the days and times established by the Chinese government, and only for a total of three hours a week.

China halts 42 companies from IPO, subjects them to investigation, further 'strict measures' announced

The China Securities Market Regulatory Commission (CSRC) launched an investigation into intermediary firms that were about to present IPOs of more than 40 companies for their IPO.

TikTok plans to go public in Hong Kong in defiance of China's government

ByteDance, the company that owns TikTok, could debut on the Hong Kong stock exchange in 2022, despite growing scrutiny from the Chinese government on the country's 'big tech'.

Import Surge Sends US Trade Deficit to Record High

In the year-to-date, the trade deficit increased by 46.4 percent to $135.8 billion compared to the same period in 2020.

China launches the world's fastest train

The Maglev Train levitates on the tracks at a speed of up to 600 km / h.

China reduces the price of its companies on foreign stock exchanges

In the following years there will be fewer Chinese entities for public sale, but the commercial relationship between China and the United States will not be stopped.

Xiaomi surpasses Apple: It becomes the second world producer of mobile phones

Market analysis firm Canalys asserted that the Chinese firm has 17% of smartphone shipments worldwide.

Elon Musk's Business Partner in China is Already Richer Than Jack Ma

A partner of Elon Musk and founder of the world's largest electric vehicle battery manufacturer has surpassed Alibaba owner Jack Ma in wealth.

China Cyberspace Administration Orders 25 Didi Apps to be Removed

Serious violations of security regulations prohibiting the collection of personal data were cited.