FB Pixel no scriptWith a mountain of backlogged video game license applications, China's content regulator asks for a pause in submissions | KrASIA

With a mountain of backlogged video game license applications, China’s content regulator asks for a pause in submissions

Written by Song Jingli Published on 

China’s government can’t keep up with the country’s appetite for video games.

China’s national-level content regulator has asked local authorities to temporarily stop submitting license applications from video game publishers so that it can process backlogged applications accumulated during a nine-month freeze last year, Reuters reported, citing three people with knowledge of the matter.

This may deal a blow to China’s top companies in the gaming industry, including Tencent and NetEase, dimming hopes for getting their major titles approved soon.

The regulator has granted licenses for 538 games since the ban was lifted in December, but three of Tencent’s games were approved, while NetEase received a license for only one.

Chinese authorities suspended its video game license processing last March due to governmental restructuring, while pushing an official narrative that video games might hurt its younger generation. As a result, Tencent’s share price plummeted.

However, online games still generated RMB 25.81 billion (US$3.8 billion) for Tencent in the third quarter of 2018, accounting for almost one-third of its entire revenue of 80.6 billion (US$11.72 billion) in that period.

Editor: Brady Ng


You might like these

  • News

    Chinese GPU startup Moore Threads raises billions of yuan to take on Nvidia


    Song Jingli

    26 Feb 2021    03:29 AM

KrASIA InsightsKrASIA Insights

  • With over 22 million users, Facebook was the favored social network in Myanmar. Now, it is “temporally” banned in the country, and some people feel dazed.


    Facebook was the internet in Myanmar. What happens now that it’s banned? | Tech in Culture

    By Stephanie Pearl Li

    24 Feb 202110:38 AM

Most PopularMost Popular

See All