Shares of Chinese gaming companies have risen in price after the authorities issued a new batch of licenses for games
Yesterday, for the third time after a prolonged “freeze”, the Chinese authorities published a list of games that are allowed to be published in the country. Against this background, the shares of local gaming companies went up. Even those whose projects have not received a license.
For example, NetEase shares rose by almost 3% in a day, although its games were just not allowed to be released. The share price of Bilibili, whose authorities approved two games, increased by 4%. The value of Kingsoft shares also increased by a similar 4%.
According to analyst Daniel Ahmad, the continued issuance of licenses is a positive sign for the gaming industry. He also believes that in the near future, the Chinese authorities will begin to massively approve projects of not only domestic, but also foreign developers.
