Caixin
Dec 29, 2022 04:23 AM
BUSINESS

Tencent Wins Nod for New Games as China Crackdown Softens

Growth at Tencent evaporated as the company found itself struggling to wring new revenue from aging cash cows such as Honor of Kings
Growth at Tencent evaporated as the company found itself struggling to wring new revenue from aging cash cows such as Honor of Kings

(Bloomberg) — Tencent Holdings Ltd. secured a green light for another clutch of major game titles, reinforcing hopes Beijing is easing a crackdown on the world’s largest mobile gaming arena.

It was only the second time the Chinese tech giant gained licenses for blockbuster titles since Beijing resumed issuing them in April. Pokémon Unite, developed with Nintendo Co., was among the 40-plus foreign online titles approved in December by the National Press and Publication Administration. It also cleared other Tencent entries, including popular e-sports title Valorant. The latest approvals follow Metal Slug: Awakening last month.

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