China is softening stance on gaming after US$80 bil rout
China approved 105 domestic games on Monday, the latest indication that Beijing is softening its stance after its move to tighten industry restrictions led to an US$80 billion (RM370.56 billion) rout last week.
The titles included those operated by Tencent Holdings Ltd and NetEase Inc, China’s two leading game publishers that have been pummelled by Beijing’s new rules. Monday’s approvals show the Chinese authorities support the development of online gaming, an industry association said in a post on WeChat republished by the official Xinhua news agency.
Chinese officials rekindled fear that they will start another round of tech crackdowns after top gaming regulator National Press and Publication Administration (NPPA) announced on Friday new rules to limit the development of onlin...