Tencent And NetEase Score Wins As Chinese Regulator Doles Out Gaming Licenses; Alibaba Bags One This Time Too

China's video games regulator approved 87 new video games for February, including titles under Tencent Holding Ltd TCEHY, Alibaba Group Holding Limited BABA, and NetEase, Inc 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 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.