China's video games regulator approved 87 new video games for February, including titles under Tencent Holding Ltd (OTC:TCEHY), Alibaba Group Holding Limited (NYSE:BABA), and NetEase, Inc (NASDAQ:NTES).
Leading gaming company Tencent won at least one game license for a mobile game named "Wangzhewanxiangqi," Reuters reports.
Alibaba bagged approval for a game named "Chunqiuxuanqi."
Also Read: Tencent Prepared To Launch Bevy Of Games This December As Domestic Regulatory Crackdown Cools Down
NetEase won a license for its mobile game, "Journey to the West: Shikong."
XD Inc (OTC:XDNCF) bagged a license for a title named "Sausage Party."
In November 2022, Tencent bagged its first commercial game license in a year and a half since the country initiated a crackdown on the sector.
Unlike in most other countries, video games need approvals from regulators before a release in China, which is also the largest gaming market.
Price Action: TCEHY shares traded higher by 1.33% at $48.88 on the last check Friday.

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