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Tencent Scores Twin Game Approvals After Months-Long Freeze

  • Two of Tencent’s smaller titles made the approved list
  • It’s still barred from making money off its biggest games
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Bloomberg’s Lulu Chen explains what the approval of new games means for Tencent and Netease.(Source: Bloomberg)
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Tencent Holdings Ltd. and Netease Inc. got several of their less-important titles approved in China, as the world’s largest gaming market recovers from a months-long shutout that had thrown the industry into disarray.

Tencent’s Wood Joints and Folding Fan secured operational licenses on Jan. 13, its first games to win approval since regulators resumed doling them out in December. Its shares climbed as much as 2.7 percent on hopes the social media and entertainment giant may eventually get the green-light to make money off two of its biggest titles: PlayerUnknown’s Battlegrounds and Fortnite.