Gaming galoreRegulators press play on the Chinese gaming industry after being AFK for nearly eight months.
- Chinese gaming giants were on the up and up on Monday. US-listed shares of NetEase (one of China’s biggest gaming firms) popped 8% before closing up 2.12%, Bilibili gained 7%, and DouYu and Huya rallied around 3% each.
- It comes after Chinese regulators approved a bunch of new games. Game makers need authorization to monetize their games over there, which regulators have been refusing to do since July last year – but 45 new titles have just got the green light.
- It’s a bullish signal for the whole industry. There were actually no titles from NetEase or Tencent (two of the biggest) that were approved, but both jumped for joy anyway on the prospect of easing restrictions in the market.
Alejandro Luengo / Unsplash
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