Tencent Loses Billions As New Games Approval Put On Hold By China

China has stopped approving games for the past four months and game developers are badly impacted.

china

In Tencent’s quarterly earnings report confirms that there has been a temporary suspension that caused the game giant to suffer a profit loss due to its inability to monetize their new games, such as PlayerUnknown’s Battlegrounds, which is currently pending approval for monetization.

Tencent’s President Martin Lau previously issued a statement to their investors:

At this point in time, we don’t have visibility on when exactly the official approval will start yet. We do believe it’s not a matter of whether these games will be approved for monetization, but a matter of when.

tencent

Bloomberg reported that their source informed them that the Chinese government officials are undergoing internal restructuring and transitioning of task between divisions that caused the games approval to be put on hold. Video games on mobile and online are a huge market in China and the Chinese government are making things impossible for game developers to release new games at the moment.

logo

Related posts

OffGamers & GiGiGames夏季特惠月买 一 送 一 多买多送 实惠多多!

OffGamers & GiGiGames夏季特惠月买 一 送 一 多买多送 实惠多多!


OffGamers & GiGiGames夏季特惠月买 一 送 一 多买多送 实惠多多!

活动介绍:本活动是OffGamers与GiGigames联合推出的玩家福利活动,凡在活动期间在OffGamers购买GiGi月度会员或者半年会员的玩家,都可以额外获得会员时长赠送。 活动时间:2021. 05. 12 - 05. 26 活动规则: 在活动期间内,凡购买GiGigames月度会员的用户,即可获得1天会员兑换码,兑换码有效期半年。 在活动期间内,凡购买GiGigames半年会员的用户,即可获得7天会员兑换码,兑换码有效期半年。 福利领取方式:在OffGamers购买限时捆绑礼包即可获得奖励。...

Johren Credits are now available on OffGamers! 立即通過OffGamers購買Johren Credits!

Johren Credits are now available on OffGamers! 立即通過OffGamers購買Johren Credits!


Johren Credits are now available on OffGamers! 立即通過OffGamers購買Johren Credits!

Johren is here to bring you the best original Japanese games. At Johren, you will have a chance to defeat the demon army with the magical girl Magicami, save the world of Otogiland with the heroine in the fairy tale of Versus Tale, and so much more! Believe me! You will be able to find a...

ExitLag: #1 Service For You – Get Rid Of Lag In Your Game

ExitLag: #1 Service For You - Get Rid Of Lag In Your Game


ExitLag: #1 Service For You - Get Rid Of Lag In Your Game

ExitLag: #1 Service For You - Get Rid Of Lag In Your Game ExitLag - Offers You More Stable Server Connection And Better Gameplay. ExitLag is a proprietary technology that optimizes data routing by instantaneously mapping out various routes and sending the packet through the optimal...

Leave a comment