Caixin
Nov 22, 2018 06:48 PM
BUSINESS & TECH

Video Game Studios in Crisis After Government Freezes Market

Mobile-game players square off at an “Honour of Kings” competition at a mall in Handan, Hebei province, on Aug. 5. Photo: IC
Mobile-game players square off at an “Honour of Kings” competition at a mall in Handan, Hebei province, on Aug. 5. Photo: IC

“A dozen friends of mine in the gaming industry have been squeezed financially, and some have neared bankruptcy,” said an executive from a midsize game company. “There could be thousands of companies facing this predicament.”

This is not an exaggeration. Many companies are facing the greatest challenge to their survival yet after China stopped approving new video game releases — and freezing the world’s largest market.

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