Game On for Tencent as China Signals End to Approvals Freeze - News Summed Up

Game On for Tencent as China Signals End to Approvals Freeze


Shares of Tencent Holdings Ltd. climbed Friday after a regulator was quoted in Chinese media as saying the first batch of new videogames would be given the green light soon, signaling an end to a crippling approvals freeze. The first group of games have been reviewed and publication numbers, which companies need before they can charge money for a game, will be approved soon, according to local reports citing Feng Shixin, deputy director of the Propaganda Department’s copyright bureau. Mr. Feng announced the news Friday at...


Source: Wall Street Journal December 21, 2018 06:01 UTC



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