The Chinese government resumed approvals of online video games after a nine-month freeze, sending a much-needed message of hope to the world’s biggest gaming market.
“The first batch of games have been reviewed. We will hurry up to issue licenses,” said Feng Shixin, deputy head of the State Administration of Press and Publications (SAPP), according to multiple Chinese media reports on Friday.
Shares of Tencent, China’s biggest gaming company, closed 4.5% higher at HKD 315 in Hong Kong on Friday. Shares in Perfect World closed 6.7% higher at 28.14 yuan in Shenzhen.