Caixin
Dec 21, 2018 07:49 PM
BUSINESS & TECH

Beijing Resumes Online Game Approvals, Ending 10-Month Freeze

Gamers stay focused on their screens at an esports venue in East China’s Shandong province in September 2017. Photo: VCG
Gamers stay focused on their screens at an esports venue in East China’s Shandong province in September 2017. Photo: VCG

China has resumed approving new online game titles for publication, a government official said on Friday, ending a 10-month freeze that has taken a toll on gaming companies as Beijing sets up a new regulatory framework.

Word of the development sparked a rally for Chinese gaming stocks, which have struggled during the freeze due to inability to release new titles. Domestic game leader Tencent Holdings Ltd. led that charge, posting a 4.5% rise on Friday in Hong Kong.

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