China approved 105 domestic games on Monday, the latest indication that Beijing is softening its stance after its move to tighten industry restrictions led to a $80B rout last week, Bloomberg’s Zheping Huang reports. The titles included those operated by Tencent (TCEHY) and NetEase (NTES), China’s two leading game publishers that have been pummeled by Beijing’s new rules, the author says. Monday’s approvals show the Chinese authorities support the development of online gaming, an industry association said in a post on WeChat republished by the official Xinhua news agency.
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