China announced new laws to limit microtransactions, affecting major corporations like Tencent.
gamerant.com
These laws will ban rewards for spending money within a game for the first time, ban rewards for buying consecutive microtransactions, and ban rewards for daily log-ins.
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China being based as always
"As always" is pretty strong, even in this context.
It's a bit of a hyperbole of course. But China is generally much better at regulating corporations like this.
That's what absolute power gets you. Zero checks and balance from the legislative, executive, and judicial system.