Tencent leads $60 billion loss as game crackdown grows

Tencent Holdings and Netease shed more than $60 billion of value as investor fears grow that Chinese regulators are preparing to tighten their grip dramatically on the world's largest gaming industry.

Chinese regulators summoned industry executives to a Wednesday meeting to instruct them to break their "solitary focus" on profit and prevent minors from becoming addicted to games, according to the official Xinhua News Agency...