
Chinese Game Approvals Shrunk by More Than Half in Q1 2020
Game licenses issued by China's top game regulator tanked in Q1 2020, with only 336 games acquiring the approval to monetize in mainland China.
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Game licenses issued by China's top game regulator tanked in Q1 2020, with only 336 games acquiring the approval to monetize in mainland China.
Gangzhou-based game developer 37Games said at an online performance briefing on Tuesday afternoon that many of its 2022 games have obtained regulatory approval for publishing and operations in China.
The mobile game industry has arguably become the biggest beneficiary of the COVID-19 outbreak.
Following its acquisition last year of the North American branch of Perfect Worlds by Embracer and its subsidiary Gearbox, the firm announced Thursday that Perfect World Entertainment is to be renamed as Gearbox Publishing.
China's National Press and Publication Administration announced on November 17 an approval list for new online games this month, showing a total of 70 authorized titles. Tencent, which has not obtained approvals since September, attracted wide attention.
On August 1, Google shared data on the global gaming market and trends regarding Chinese gaming companies.
On Tuesday, a report called video gaming "spiritual opium" by a state-run newspaper criticized Tencent's online game "Honor of Kings". Tencent said it will gradually introduce seven new measures for its all games.
Tencent’s battle royale game PUBG Mobile recorded its best month yet in terms of overseas revenue, as lockdown orders continue to be enforced in many countries.
Chinese game developer and distributor Hero Entertainment on Monday announced an official name change, carrying out a new brand launch as "Hero Games."
Perfect World, a publisher of online games, disclosed its record of investor relations activities on Monday, mentioning that the company has streamlined some of its internal teams that pose challenges to its future development.
At present, 411 Chinese game companies in Beijing, Shanghai and Guangdong have signed the Convention on Anti-addiction and Self-discipline of the Online Game Industry issued in September.
Tencent on Wednesday said that it would launch the mobile version of the PC "beat 'em up" action game Dungeon & Fighter in the Chinese market in summer 2020.