Chinese ethics panel easing game freeze

Dec. 07, 2018 1:30 PM ETTencent Holdings Limited (TCEHY)TCEHY, TCTZF, NTESBy: Brandy Betz, SA News Editor16 Comments
  • A new Chinese ethics panel will start reviewing video game titles to end the freeze on new game approvals, according to state media reports via the WSJ.
  • Regulators haven't approved a new game since March following state media concerns that games are too violent and addictive for children.
  • Tencent (OTCPK:TCEHY, OTCPK:TCTZF) shares took a hard hit, dropping about 24% this year, from the freeze as the company imposed time limits for children, pulled a newly licensed game, and shut down a popular casino game.
  • The "online game ethics committee" has reviewed 20 games so far and requested modifications for 11 while banning nine for improper content.
  • Related stock: NetEase (NTES -0.2%).
  • Previously: Chinese regulators pull Tencent's new game (Aug. 13)
  • Previously: Chinese regulators pull Tencent's new game (Aug. 13)
  • Previously: Tencent will shutter poker game (Sept. 10)

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