- NetEase ( NASDAQ: NTES ) shares jumped in early trading on Tuesday after the Chinese government approved a mobile game from the company in September, its first such approval since July 2021.
- The National Press and Publication Administration allowed 73 domestic games in total in September, according to Bloomberg, citing a statement from the Chinese government agency.
- NetEase ( NTES ) shares gained almost 3.5% to $90.41 in premarket trading.
- In July, China approved 67 domestic games, though none were from NetEase ( NTES ) and Tencent ( OTCPK:TCEHY ). Tencent ( OTCPK:TCEHY ), along with with Alibaba ( BABA ), was recently fined for failing to comply with transaction disclosure rules that are part of anti-monopoly laws.
- NetEase ( NTES ) recently delayed the Chinese launch of Diablo Immortal , a multiplayer online action role-playing video game .
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NetEase pops as China approves one mobile game, first since July 2021: report