China is regulating video games for minors, and shares of gaming tech giants fell significantly. But from this Tencent report from 2020: “To maintain a healthy gameplay environment for teenagers in China, we made ongoing upgrades to the Healthy Gameplay System, which aims to help parents manage younger users’ in-game play time and spending. During the fourth quarter of 2020, minors aged under 18 accounted for 6.0% of our China online game gross receipts. Among which, minors aged under 16 accounted for 3.2% of our China online game gross receipts.” It looks like it’s going to be a relatively low impact on their earnings? Kids have to play less games, but they don’t represent that big portion of earnings anyway?