China Approves 105 Video Games After $80 Billion Rout

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As Tencent and NetEase saw their market value plunge by tens of billions of dollars in Hong Kong on Friday, China’s top gaming regulator announced the approval of 40 imported gaming titles, including those run by the two companies. Photo: Bloomberg

(Bloomberg) — China approved 105 domestic games on Monday, the latest indication that Beijing is softening its stance after its move to tighten industry restrictions led to a $80 billion rout last week.

The titles included those operated by Tencent Holdings Ltd. and NetEase Inc., China’s two leading game publishers that have been pummeled by Beijing’s new rules. Monday’s approvals show the Chinese authorities support the development of online gaming, an industry association said in a post on WeChat republished by the official Xinhua News Agency.