- 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...
Posted In:
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
