Posted 12/25/2023, 2:06:00 AM
China Approves 105 New Games, Easing Fears of Strict Industry Crackdown
- China approved 105 new domestic games on Monday, indicating a softening of its recent gaming industry restrictions
- The approved titles included games from major publishers Tencent and NetEase, which saw shares tumble last week
- China said it will listen to gaming companies and players to improve the new rules announced Friday
- Analysts say the rules shouldn't significantly impact Tencent and NetEase, but their stocks plunged anyway
- The rules aim for higher quality games with less "excessive monetization" and "pay-to-win" features, per a Shanghai gaming executive