China’s gaming regulator, the National Press and Publication Administration (NPPA), unexpectedly approved a new batch of 32 foreign video games, easing concerns in the market after the recent scrapping of a controversial gaming regulation.
Notable among the approvals is the hit title Dungeon & Fighter (DnF) Mobile, operated in China by Tencent Holdings ADR (OTC TCEHY), which saw a 2.9% increase in its stock price in Hong Kong following the news, South China Morning Post reported. Meanwhile, the stock experienced a 0.95% increase in the past 24 hours.
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