NetEase Quashes Talk of Chinese Gaming Approval Suspensions
- No. 2 China developer says Diablo Immortal ‘pretty much ready’
- CFO says gaming approval process ‘modified’ but on track
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NetEase Inc. dismissed reports China is holding up gaming approvals as it untangles a huge backlog, saying the company is closing in on the release of Diablo Immortal for the world’s top gaming market.
Chief Financial Officer Yang Zhaoxuan told analysts on a conference call that select regulatory agencies are tweaking the process through which developers seek approval to make money off titles, but that didn’t equate to a hold-up. The company is preparing for the launch of Activision Blizzard Inc.’s hotly anticipated hack-and-slash title in China.