Business

S. Korea bans app payment monopolies in world first

South Korean MPs on Tuesday passed a law banning Apple and Google from forcing app developers to use the tech giants' payment systems, effectively declaring their lucrative App Store and Play Store monopolies illegal.

Other

China limits children to 3 hours of online gaming a week

China is banning children from playing online games for more than three hours a week, the harshest restriction so far on the game industry as Chinese regulators continue cracking down on the technology sector.

Business

Tencent limits gaming for kids after official media critique

China's biggest gaming company, Tencent Holdings, said Tuesday it will limit gaming time for minors and ban children under age 12 from making in-game purchases after a state media article called games "spiritual opium."

Business

China gaming shares dive after 'spiritual opium' warning

Shares of Tencent and other major Chinese gaming companies plummeted Tuesday after a state-run media article described online games as "spiritual opium", prompting the tech giant to consider a playing ban on children under ...

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