Why Bilibili and NetEase Shares Are Trading Higher Today

XD Inc has won a publishing license for its title "Party Star" in one of China's first approvals of a game since July last year, Reuters reports.
The National Press and Publication Administration soon looked to publish a list of games it has granted licenses.
Also Read: NetEase Stock Plummets As China Limits Gaming Time For Minors, Tencent, NetEase's Latest Restrictions Could Impact Apple, Activision Blizzard: Bloomberg
NetEase Inc NTES and Bilibili Inc BILI were some of the significant Chinese gaming stocks.
Chinese regulators stopped approving game monetization licenses in July 2021 to pull the plug on a growing teenager addiction to what it once described as "spiritual opium."
China had previously suspended gaming approval in 2018 for nine months.
Price Action: BILI shares traded higher by 12% at $28.76 on the last check Monday. NTES shares traded higher by 4.14% at $96.89.