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We have learned (via Reuters) that the Chinese government has begun approving video games for sale again following a months-long freeze.
China had originally stopped approving new video games from March 28th, and officially stopped handing out licenses in April. The Financial Times claimed that there has been “bureaucratic infighting” from the media regulator.
On August 30th, the governmental body gave recommendations to eight other regulatory bodies, asking for less approvals of video games in efforts to combat myopia and so-called video game addiction.
Both of the above lead to Tencent losing $20 Billion in stock value. Tencent Holdings Ltd. and its various subsidiaries are owners of many social media and gaming related products; including WeChat, WeGame, Arena of Valor, League of Legends, and large investments in other companies.
When the Chinese government created the Online Games Ethics Committee, they wasted no time, issuing demands that content needed to be censored in twenty online games.
Reuters had reported that over eighty online video games have now been “approved”. The titles were posted onto the website of the State Administration of Press, Publication, Radio, Film and Television. Reuters claims that among those games – none of them were “from” Tencent.
As Tencent has large investments in some western companies such as Epic Games but do not have ownership of said company (40% in Epic’s case), we do not know whether this would constitute being a “Tencent game”.
We’ll keep you guys posted.