{"id":18712,"date":"2018-10-16T18:23:34","date_gmt":"2018-10-16T18:23:34","guid":{"rendered":"http:\/\/qatar-news.org\/qatarnewsEn\/?p=18712"},"modified":"2018-10-16T18:23:34","modified_gmt":"2018-10-16T18:23:34","slug":"how-chinas-video-game-crackdown-caused-a-200-billion-stock-wipeout-for-tencent","status":"publish","type":"post","link":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=18712","title":{"rendered":"How China&#8217;s video game crackdown caused a $200 billion stock wipeout for Tencent"},"content":{"rendered":"<p class=\"zn-body__paragraph speakable\"><cite class=\"el-editorial-source\">New York (CNN Business)<\/cite>China&#8217;s crackdown on video games has hammered one of its most valuable companies. And it&#8217;s unclear when the situation will improve.<\/p>\n<div class=\"zn-body__paragraph speakable\">Shares of Tencent (<a href=\"https:\/\/money.cnn.com\/quote\/quote.html?symb=TCEHY&#038;source=story_quote_link\">TCEHY<\/a>), a huge technology and entertainment conglomerate, are down about 40% from their peak in January. Its epic stock plunge has wiped out more than $230 billion in market value.<\/div>\n<div class=\"zn-body__paragraph speakable\">The decline has been enough to push Tencent out of the world&#8217;s 10 biggest companies. It&#8217;s now No. 11, according to data from Refinitiv. As recently as March, it ranked fifth, eclipsing corporate giants like Berkshire Hathaway (<a href=\"https:\/\/money.cnn.com\/quote\/quote.html?symb=BRKB\">BRKB<\/a>), Facebook (<a href=\"https:\/\/money.cnn.com\/quote\/quote.html?symb=FB\">FB<\/a>) and JPMorgan Chase (<a href=\"https:\/\/money.cnn.com\/quote\/quote.html?symb=jpm\">JPM<\/a>).<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New York (CNN Business)China&#8217;s crackdown on video games has hammered one of its most valuable companies. And it&#8217;s unclear when the situation will improve.Shares of Tencent (TCEHY), a huge technology and entertainment conglomerate, are down about 40% from their peak in January. Its epic stock plunge has wiped out more than $230 billion in market&hellip;<\/p>\n","protected":false},"author":10,"featured_media":18713,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-18712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/18712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18712"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/18712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/media\/18713"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}