- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
