Online games

China issues 60 new video game licenses, none for Tencent or NetEase

The National Press and Public Administration (NPPA) released the June list on its website on Tuesday, which included titles from developers such as Perfect World and Mihoyo.

Other titles mainly included low-budget games such as Shanghai Eyugame’s Jurassic Army and Beijing Object Online Technology’s Kittens’ Courtyard.

The list, however, did not contain titles belonging to the biggest players in the industry, such as Tencent Holdings and NetEase. Still, Tencent’s US Certificates of Deposit gained more than 1.54% after the news. NetEase also saw its shares rise nearly 1.35% in premarket trading in New York.

It also did not include any foreign titles, extending the dry spell for imported video games to 12 months.

The June listing comes more than a month after the latest batch of licenses were announced on April 30. The NPPA did not release a list in May and did not give a reason.

Prior to April, Chinese regulators stopped approving game monetization licenses for almost eight months, which had a big impact on Tencent and NetEase and put thousands of businesses in the industry out of business.

The hiatus coincided with a move by China in August to impose new playing time limits on under-18s, an intervention it said was needed to end a growing reliance on what media outlets say. once described as “spiritual opium”.

(Reporting by Josh Ye, Meg Shen and Twinnie SiuEditing by Jason Neely and Mark Potter)

By Josh Ye

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