China accepts latest gaming titles in nine months

China accepts latest gaming titles in nine months

China accepts latest gaming titles in nine months

China accepts latest gaming titles in nine months

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China on Monday accepted its first batch of latest video game licenses in nine months, ending a lengthy freeze that gives jitters through the world’s biggest gaming market.

Beijing moved against its vibrant gaming sector last year as part of a sprawling end on tech giants, capping the number of time children could spend playing games and slowing approvals for the latest titles.

But on Monday the National Press and Publication Administration said it had approved 45 titles of new games — the first since July last year, according to its website.

During the tech crackdown, hundreds of game makers pledged to scrub “politically harmful” content from their products and enforce curbs on underage players in a bid to comply with government demands.

But the moves struck hard at many companies’ bottom lines, including Chinese domestic giant Tencent, which was told it had to gain government approval before releasing any new apps or updates.

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The gaming titan — the maker of the wildly popular “Honor of Kings” — posted its slowest revenue growth since 2004.

Neither Tencent nor rival NetEase appeared on the list of newly-approved games on Monday.

But overseas Chinese tech stocks still soared in pre-market trading, with Nasdaq-listed NetEase briefly jumping over eight percent.

Video-sharing site Bilibili rocketed by over nine percent on the same bourse, while New York-listed Huya rose eight percent.

China’s ruling Communist Party has relied on victory stories like Tencent to push a multimedia transformation in the country, with the largest domestic apps effortlessly integrated into the lives of hundreds of millions.

But Beijing turned on the sector as discuss climb over allegations of monopolistic rehearsal and data abuse, as well as reining in the entertainment production.

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