Feirre wrote a post · Dec 26, 2023 20:04

CN OKs Another 100+ Domestic Online Games for Dec; TENCENT, NTES Games On List

China's National Press and Publication Administration (NPPA) recently released another batch of 105 domestic online game approval numbers (banhao) for December, versus 87 in November.

The number of approvals this time surpassed 100 for the first time, with wider scope of coverage. $Tencent(TCEHY.US)$ 's ADRs in the U.S. soared 3.5% overnight, an upsurge of more than 7% from the closing price of HK$274 in Hong Kong last Friday.

Such new approvals came after the batch of imported online game approvals on 22 December, which strongly demonstrated the attitude of the competent departments to actively support the development of online games.

Games developed by $TENCENT(00700.HK)$ , $NTES-S(09999.HK)$ and $KINGSOFT(03888.HK)$ were on the list.

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