It’s one thing to talk about government interference with business in the abstract. In the U.S. this is usually a matter of massive paperwork, taxes, red tape and restrictions on employment, environmental impact, worker safety and health care. In China, things can get significantly weirder. Take the Chinese Web portal and online game company Netease.com (NTES). NetEase is a competent, thriving enterprise with lots of online services and lots of subscribers. But the big story for people holding the company’s stock was its acquisition of the franchise for World of Warcraft, a massively multiplayer online role-playing game with a...