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

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.

Murat Oktay

Video games have been my passion for as long as I can remember. I have been writing and managing in the game industry for more than 30 years. I've been playing Diablo 2 nonstop since it first came out.

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