China's Game Approval List Continues To Miss Leading Names Like Tencent, NetEase

China's Game Approval List Continues To Miss Leading Names Like Tencent, NetEase
  • China's gaming regulator granted publishing licenses to 60 games, Reuters reports.
  • However, the list missed titles belonging to leading players, like Tencent Holding Ltd TCEHY and NetEase, Inc NTES.
  • The list also missed foreign titles, extending the dry spell for imported video games.
  • Also Read: Here's Why DiDi, And These Two Chinese Stocks Are Trading Higher Today
  • China bypassed the list for May for reasons undisclosed.
  • The April list also missed titles belonging to Tencent and Bilibili Inc BILI.
  • China stopped approving game monetization licenses in July 2021 to contain teenager obsession.
  • China had previously suspended gaming approval in 2018.
  • Price Action: NTES shares traded lower by 1.17% at $102.56 on the last check Tuesday.

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