Caixin
Jul 22, 2022 08:50 PM
TECH

China to Start Pilot to Speed Up Online Game Approvals

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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