The Chinese government added rules to a series of regulations that limit the interaction of minors with the internet and games.
In this new regulation, children under the age of 16 are prohibited from being a live streamer. With this rule, users of live streaming services must enter their ID card information into the service.
In addition, the Chinese government has asked live streaming service providers to limit the time and money that children spend on their services.
The above rules complement a number of other rules that have been previously set by the Chinese government. Namely various rules that target interactions between children with games and various other services on the internet.
In early August, the Chinese government-run mass media labeled online gaming as addictive, and imposed various restrictions on the service.
Then the Chinese government banned minors from playing games on weekdays, and could only play on Fridays, Saturdays, Sundays, and other holidays. The duration is also limited, only one hour per day.
Shortly after, Tencent and NetEase shares slumped to $60 billion, in just 24 hours. However, Tencent still admits that it will follow various rules set by the government.
"We respect the instructions and guidance from regulators and will work hard to comply with all rules regarding game addiction in the younger generation as well as content regulation," Tencent said in a statement.
