China's move to curb addiction in the gaming-mad nation has dealt a severe blow to companies' ability to make profits and sent the share prices of gaming firms tumbling
US tech giant Epic Games said it will shut down its popular survival game Fortnite in China. Image credit: Shutterstock
US tech giant Epic Games said it will shut down its popular survival game Fortnite in China, months after authorities imposed a series of strict curbs on the world's biggest gaming market as part of a sweeping crackdown on the technology sector. Beijing has embarked on a wide-ranging regulatory clampdown on a number of industries in a drive to tighten its control of the economy, with tech firms taking the brunt of the pain.
In September, officials said they wanted to curb addiction in the gaming-mad nation by announcing drastic cuts to the amount of time children can spend playing online and ordering players to use ID cards when registering.
The moves dealt a severe blow to companies' ability to make profits and sent the share prices of gaming firms tumbling.
Now, Epic has pulled the plug on Fortnite, saying it will shut down the massively popular game on November 15.
"Fortnite China's Beta test has reached an end, and the servers will be closed soon," it said in a statement.