China's content regulator on Friday said it has approved the monetization o...
FILE PHOTO: A man plays a computer game at an internet cafe in Beijing,China May 9, 2014. REUTERS/Kim Kyung-Hoon/File Photo
BEIJING - China’s content regulator on Friday said it has approved the monetization of 95 new video games, including titles from Tencent Holdings Ltd and NetEase Inc.China has approved 726 video games since December. An almost year-long approval hiatus last year dragged down shares in companies such as Tencent, wiping billions of dollars off their market value.Industry insiders estimate there are at least 5,000 games awaiting approval as a backlog built up during the hiatus, prompted in part by public concern about violent content and game addiction.
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