12/21/2018 | 06:16am GMT
By Shan Li
Shares of Tencent Holdings Ltd. climbed Friday after a regulator was quoted in Chinese media as saying the first batch of new videogames would be given the green light soon, signaling an end to a crippling approvals freeze.
The first group of games have been reviewed and publication numbers, which companies need before they can charge money for a game, will be approved soon, according to local reports citing Feng Shixin, deputy director of the Propaganda Department's copyright bureau. Mr. Feng announced the news Friday at the 2018 China Game Industry Annual Meeting in Hainan province.