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Benzinga
Benzinga
Entertainment
Shivani Kumaresan

China Starts Issuing Videogame Licenses Again: WSJ

Nasdaq BIDU China Baidu Inc Bilibili Inc Tencent Holdings Ltd Wall Street Journal Beijing
  • China’s videogame regulator has started granting publishing licenses to new titles, ending a months-long freeze in the world’s largest mobile game market, the Wall Street Journal reported.
  • The country stopped issuing licenses in July 2021, after Beijing tightened rules on the industry.
  • The report noted approved 45 videogames last week, including Bang Bang Rabbit developed by Baidu Inc (NASDAQ:BIDU), while games developed by Tencent Holdings Ltd (OTC:TCEHY) and Bilibili Inc (NASDAQ:BILI) were on the list.
  • The country’s video game regulator unveiled strict new measures to limit players under 18 to only one hour of video games each Friday, Saturday, Sunday, and public holidays.
  • Price Action: BIDU shares are up 0.22% at $133.34 in pre-market on the last check Tuesday.
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