Chinese regulators have released new rules for the technology sector from antitrust to data protection. Tencent's president believes there could be more ahead.
. The speed and scope of the actions has wiped billions of dollars worth of value from China's internet companies. Tencent's stock is down 23% this year.
"I would say there will be short-term uncertainties and there are a lot of new regulations that will be coming, but we are pretty confident that we can be compliant," Lau said.There is also growing concern that the online gaming sector could face tighter regulations after an article appeared in an affiliate of state-mediaFor a long time, the Chinese government has been worried about the impact of gaming on children.
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