Tencent’s Pony Ma Loses $3 Billion After State Media Calls Online Games ‘Spiritual Opium’

Chinese internet tycoon Ma Huateng, also known as Pony Ma, lost $3.2 billion in one day after state media lambasted online games in an unusually harsh editorial, fueling fears that his gaming giant Tencent and others could come under heightened scrutiny.

Source: https://www.forbes.com/sites/ywang/2021/08/03/tencents-pony-ma-loses-3-billion-after-state-media-calls-online-games-spiritual-opium/

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