Aug 3, 2023

Tech shares fall as China mulls child smartphone limits

Chinese technology shares fell after the country's cyberspace regulator recommended limiting smartphone usage of children under 18. Technology giants will likely be made responsible for enforcing the rules, much like how it worked with gaming restrictions, Ray Wang, the founder and chief executive of Silicon Valley-based consultancy Constellation Research, told the BBC. "Of course there are workarounds. Kids can get the passwords to their parents' devices, but the general consensus is that gaming restrictions have been fairly well implemented," Mr Wang said. China has implemented several measures to curb video game addiction, which officials say is damaging to children's health. Almost two years later, authorities banned children from gaming for more than three hours a week. Increased regulation of the industry helped the US overtake China as the world's biggest gaming market by revenue, according to research firm Newzoo.

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