China stopped approving new titles from March triggered by growing criticism of video games.
Reuters Dec 23,2018 11:12 AM IST
Tencent Holdings Ltd’s shares surged on Friday after a local regulatory official said some new video games had been cleared for sale, ending a lengthy freeze in approvals that has spooked players in the world’s largest gaming market.
Tencent.
Feng Shixin, a senior official of the ruling Communist Party’s Propaganda department, said in a speech at a gaming conference in the southern city of Haikou that a first batch of approvals for games had been completed, according to a transcript of the speech and the organizers of the event.
That helped propel Tencent’s shares up by as much as 4.6 percent, putting the gaming-to-social media giant on course for its steepest daily share price jump in over a month.
China stopped approving new titles from March amid a regulatory overhaul triggered by growing criticism of video games for being violent and leading to myopia as well as addiction among young users.
