Jul 22, 2022 08:50 PM

TECH

China to Start Pilot to Speed Up Online Game Approvals

By Guan Cong and Ding Yi

China has been cracking down on how much time children can spend playing video games. Photo: VCG

China has been cracking down on how much time children can spend playing video games. Photo: VCG

Shares in mainland-listed gaming companies surged on Thursday after the government announced a pilot program to improve the approval process for new online games.

The news comes three months after regulators lifted an eight-month freeze on new licenses that hit the industry’s earnings and contributed to the sector’s first half-yearly revenue contraction since 2015.

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