China's halt for new game approvals cost billions of dollars for Tencent and NetEase

24 Oct 2018 Wednesday
China's halt for new game approvals cost billions of dollars for Tencent and NetEase
Furkan Sakoğlu
Furkan Sakoğlu Editor

So much lose...

After the success of PUBG and growing market share of mobile games, Tencent and NetEase become one of the richest game publishers in the world. But being a Chinese company can sometimes lead to a huge loss in profits. A few months ago, the Chinese government freeze on new game approvals for companies in China, and it seems this move make companies like Tencent and NetEase lose so much money in just a few months. 

China's halt for new games cost 1.4 billion dollars for Tencent and NetEase

According to The Wall Street Journal, China's decision cost billions of dollars for that companies. They also shared a performance chart for companies share-prices. And we can clearly see the cost in this graphic.

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