TCEHY - What's Going On With Chinese Gaming Stock NetEase On Wednesday? | Benzinga
Tencent Holdings (OTC:TCEHY) and Alibaba Group Holding (NYSE:BABA) have received approval from China for 104 new video games this month, marking a positive shift for the country’s gaming industry.
SCMP reports that the National Press and Publication Administration (NPPA) approved Tencent’s online role-playing game Roco Kingdom: World and Alibaba’s Ruyuan from its Lingxi Games studio.
The update boosted Chinese gaming company NetEase, Inc. (NASDAQ:NTES) stock.