News of chinese government to close down all ICOs caused a bloodbath in the crypto world, before getting down and out, you might wanna check this.
source:https://www.reddit.com/r/NEO/comments/6y5pen/china_government_aims_to_become_the_global_leader/
you might wanna read this too:
https://medium.com/the-adex-blog/the-china-ico-regulation-what-it-means-for-adex-3338ccebb33
lastly, On the positive side, wouldn't this move also give NEO a larger market share?