Tencent Wins New Game License After 17-Month Drought

Total sales in China’s video gaming market dropped nearly 20% in the third quarter.

Tencent Holdings Ltd. won approval for its first new major game title in more than a year as China’s gaming market has started to shrink.

Tencent’s mobile game Metal Slug: Awakening was among 70 titles approved for November by the National Press and Publication Administration, the latest batch of licenses granted since the media regulator resumed issuing approvals in April.

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