• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, August 11, 2026
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

NetEase shares fall after nationalist backlash in China over Winnie the Pooh post

by Riya Ghosh
June 21, 2022
in Business
Reading Time: 4 mins read
0
'Diablo Immortal’, the blockbuster game developed by NetEase and Activision Blizzard, said its Asian release would be delayed

Source: Financial Times

TwitterWhatsappLinkedin

The Chinese gaming corporation, NetEase got in trouble with examiners of China over a post that is assumed to be indicating to the Winnie the Pooh. In China, people use Winnie the Pooh as a cite to express their contempt toward President Xi Jinping. The stakes of the corporation went down right after this incident.

You might also like

How Hunter Peterson Went From a TikTok Video to a $335 Million Campaign to Save Spirit Airlines

Amazon’s Gilroy Data Center Raises Questions Over Community Awareness

X Ends Revenue Sharing Program, Introduces Original Content Rewards

'Diablo Immortal’, the blockbuster game developed by NetEase and Activision Blizzard, said its Asian release would be delayed
Source: Financial Times

Last weekend the gaming company announced that it will be launching its epic game Diablo Immortal a little late in Asia than expected which led to the fall of shares by 9% in the morning.

NetEase and Activision Blizzard developed the epic game, where more than a single player can play it together online. It was previously set to be launched on June 23 but on June 19 the gaming Corporation asserted that the launch date is postponed in order to improve and maximize the gaming experience for its consumers.

The information regarding the postponement got spread over the internet as a screenshot of the game’s official Weibo ID’s post published back in May with the caption ” Why hasn’t the bear stepped down”. People took this statement as a remark for taunting the President of the nation as he is scoffingly cited as the famous Disney character Winnie the Pooh.

The controversial caption of the post led to the embargo of the game’s official ID from publishing anything on Weibo. China’s extremely vigilant examiners also deleted all the negotiations citing the bear statement.

The leaders of China also raised a problem with the announcement made by the corporation on June 18 about the delay in the launch of the game as the new date announced for the game’s Asian launch was Taiwan-time 8 July.

One of the residents of the nation wrote in his Weibo post that the country has pledged to quash every single effort made by Taiwan to gain its Independence and if given a choice between the epic game and his nation he will always choose his motherland.

The gaming corporation refused to give any remark on this concern.

The Country’s stern measure on tech corporations already affects the gaming companies. Since July 2021 the officials of China have put permission for the launch of new games on hold all over the nation. In August 2021, a new rule was passed all over the nation which allowed the minors to play online games only for three hours a week. This step had a huge impact on gaming corporations and their shares got damaged, reducing their net value.

Tags: ChinaNetEase
Tweet54SendShare15
Previous Post

Tether’s USDT lost its peg to dollars during the crypto market crash, resulting in a loss in the market cap by at least $10 Billion

Next Post

Swift to be replaced by CELLS developed by Rostec from Russia

Riya Ghosh

Recommended For You

How Hunter Peterson Went From a TikTok Video to a $335 Million Campaign to Save Spirit Airlines

by Ishaan Negi
August 10, 2026
0
How Hunter Peterson Went From a TikTok Video to a $335 Million Campaign to Save Spirit Airlines

Spirit Airlines was supposed to be finished. On May 2, 2026, the budget carrier announced an immediate and orderly wind-down of its operations, cancelling all flights and bringing...

Read more

Amazon’s Gilroy Data Center Raises Questions Over Community Awareness

by Ishaan Negi
August 8, 2026
0
Amazon’s Gilroy Data Center Raises Questions Over Community Awareness

The construction of a massive Amazon data center in Gilroy, California, has caught residents by surprise, highlighting a growing tension surrounding the rapid expansion of artificial intelligence infrastructure....

Read more

X Ends Revenue Sharing Program, Introduces Original Content Rewards

by Ishaan Negi
August 8, 2026
0
Elon Musk says X could have prevented the holocaust

X is changing the way it pays creators. The social media platform has announced that it will discontinue its existing Revenue Sharing program and replace it with a...

Read more
Next Post
Rostec announces CELLS to replace SWIFT

Swift to be replaced by CELLS developed by Rostec from Russia

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at - info@techstory.in

Aviator Game India 2026

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News OpenAI samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2025 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2025 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?