China gaming ban: licenses for new titles may resume soon, media report says, boosting Tencent and NetEase stocks

//China gaming ban: licenses for new titles may resume soon, media report says, boosting Tencent and NetEase stocks

China gaming ban: licenses for new titles may resume soon, media report says, boosting Tencent and NetEase stocks

China is likely to start issuing online video game licenses again in the coming weeks, following a four-month suspension, a Chinese newspaper reported on Tuesday, sending gaming stocks soaring after Beijing’s crackdown on the industry wiped billions from their valuations since August.The National Press and Publication Administration (NPPA) will resume issuing new licences for video games by the end of November, the 21st Century Business Herald reported, citing unnamed sources. Executives at…

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By | 2021-11-16T14:30:14+00:00 November 16th, 2021|Business|Comments Off on China gaming ban: licenses for new titles may resume soon, media report says, boosting Tencent and NetEase stocks