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Home / Technology / Tencent left out as China approves the release of 80 new video games – TechCrunch

Tencent left out as China approves the release of 80 new video games – TechCrunch



The Chinese internet giant Tencent has been omitted from the first song video player card approval issued by the government since March.

On Saturday, China's regulators approved the release of 80 online video games after a month — Long Freezing, Reuters reported first. None of the approved titles listed on the approval list are from Tencent Holdings, the world's largest gaming company.

Tencent is best known as a company behind WeChat, a popular messaging platform in China. But much of the revenue comes from games. Even with a recent downturn in gaming revenue, the company has a thriving business that is the majority owner of several companies, including Activision, Grinding Gears Games, Riot and Supercell. In 201

2, the company took a 40 percent stake in the Epic Games, maker of Fortnite . Tencent also has alliances or publish deals with other video game companies such as Square Enix, manufacturers of Tomb Raider.

The ban on new video game titles in China has affected Tenent's bottom line. The company reported revenue from gaming fell 4 percent in the third quarter due to long-term freezing of licenses. At that time, Tencent claimed that it had 15 games with revenue-generated approval in its pipeline.

China, the world's largest gaming market, tightened constraints in 2018 to combat nearsightedness and addiction. Tencent put his own limitations on what appeared to be an attempt to overcome regulators. The company has expanded its age verification system, an attempt to curb the use of young players, and placed limitations on the daily game.


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