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.
Politics
Reuters exclusively reports China regulator stops accepting new video game applications to clear backlog
19 February 2019, 12:00 am. 1 minute
Article Tags
Topics of Interest: Politics
Type: Reuters Best
Sectors: Economy & Policy
Regions: Asia
More of Reuters Best
Reuters exclusively reports Indian sugar mills to close early as rain hits cane supply; sugar futures jump; shares fall
January 29, 2023
Reuters reveals that India may peg gross borrowing under 16 trillion rupees in 2023/24
January 27, 2023