Great News For Gaming Companies Eyeing China As It Relaxes Approval Of Imported Games

  • China's online game regulator approved 45 foreign video game licenses, further easing regulatory curbs on the afflicted industry.
  • The National Press and Publication Administration 45 imported online games, including Nintendo Co, Ltd's NTDOF NTDOY "Pokémon Unite" and CD Projekt SA's OTGLY OTGLF "Gwent: The Witcher Card Game," Reuters reports.
  • China approved 84 domestic games for December.
  • Also Read: Sony Amplifies Gaming Rivalry With Microsoft In China
  • Beijing's crackdown on the video games industry began last August.
  • Regulators resumed issuing game licenses to homegrown games in April, and the approval of foreign games was the last regulatory curb.
  • Beijing's year-long crackdown on the industry has dealt a significant blow to Chinese tech companies, including Tencent Holding Ltd TCEHY and NetEase, Inc NTES.
  • Pokémon Unite, co-created by Nintendo and Tencent, surpassed 50 million downloads by the end of last December after its release on the Nintendo Switch outside of China in July last year.
  • Price Action: NTES shares traded higher by 0.90% at $73.80 premarket on the last check Wednesday.
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