Beijing Resumes Online Game Approvals, Ending 10-Month Freeze
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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