Reuters exclusively reported that China’s top content regulator has stopped accepting new video game applications to clear a backlog, highlighting the impact on gaming stocks from the nine-month suspension last year could continue. It also dampened hopes that the recent resumption of approvals may accelerate, sending gaming company shares down. Industry leader Tencent Holdings closed lower after the Reuters story, while smaller players also slid — with a decline of as much as 5 percent at Yoozoo Games.
Reuters exclusively reports China regulator stops accepting new video game applications to clear backlog
19 February 2019, 12:00 am 1 minute
Topics of Interest: Politics
Type: Reuters Best
Sectors: Economy & Policy