Tencent left out as China approves the release of 80 new video games – TechCrunch

What happened: Tencent and NetEase, two of the largest gaming firms in China, have missed out on the first batch of video game licenses to be issued after a nine-month halt. Tencent said it has 15 games awaiting monetization approval in the pipeline. The approvals come nine months after the state suspended issuing new video gaming licenses in March 2018 due to regulatory restructuring.

Why it’s important: Although the Chinese gaming regulator is restarting the approval process, the thawing process is gradual and subject to tighter controls. To set standards for approval, the state administration rolled out regulation in August last year to limit the number of new online game titles as well as a plan to work on a content rating system. Only 3,000 out of 7,000 titles on the waiting list may receive official licenses in 2019, China’s 21st Century Business Herald reported, citing experts. The country’s gaming industry this year witnessed its slowest revenue growth in at least a decade.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.