China approves 73 games including those owned by NetEase and a subsidiary of Tencent
HONG KONG: China’s gaming regulator on Tuesday granted publishing licenses for 73 online games, including titles owned by NetEase Inc and other developers.
NetEase, the second-largest game company in China behind Tencent, received its first video game license in 14 months for a sports game titled “All-star Street Ball Party”, according to the list released by national press and l ‘public administration.
Shares of NetEase, which also trades in New York, rose more than 3% in premarket trading.
Nanjing Wangdian Technology, a subsidiary of Tencent Holdings, also received a license for an educational game called Health Protection War.
Chinese regulators have not approved any commercial games for Tencent, the world’s largest game developer and operator of messaging platform WeChat.
China suspended game approvals last August before resuming them in April. Tencent has yet to receive approval for the big hits it has in its pipeline since the suspension ended.
Developers including XD Inc and CMGE Technology Group have also received licenses.
(Reporting by Josh Ye in Hong Kong, Ella Cao in Beijing and Twinnie Siu in Hong Kong; editing by Andrew Heavens, Jason Neely and David Evans)