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Chinese Regulator Approves Monetization of New Video Games

Nelson Wang

The regulatory body instituted a moratorium early last year on game approvals based on concerns about the social impact of games on the Chinese population, especially children. Shares of Tencent, China's largest maker of online games, fell sharply last year when the regulatory body first suspended its approvals of new games. On Friday morning, shares of Tencent were down 2.4% to $43.40 while those of NetEase were rising 0.7% to $225.99.