Bilibili, DouYu Rise in U.S. as China Ends Video Game Freeze

NetEase pares earlier rally after being absent from the lineup
Golden Dragon Index extends losing streak to five sessions

WATCH: Chinese video-game makers and live-streaming platforms rally in U.S. trading after China approved the first batch of new video game licenses since July. Source: Bloomberg

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By Henry Ren and Yiqin Shen

April 11, 2022 at 12:34 PM UTC

Updated on

April 11, 2022 at 8:10 PM UTC

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Shares of Chinese video-game makers and live-streaming platforms rallied on Monday, after China approved the first batch of new video game licenses since July.

Video-game streaming site Bilibili Inc. closed 7.2% higher, and its peer DouYu International Holdings Ltd. rose 2.4%. NetEase Inc. pared advance to 2.1% as the mobile game giant was absent from a list of titles published by China’s National Press and Publication Administration.