Tencent fails to win game approval as China concerns persist

Although absent from the list, Tencent and NetEase will benefit from the resumption of gaming approvals. — AP

China approved its third batch of new games this year, but Tencent Holdings Ltd again failed to make the list, which traders watch to gauge Beijing’s intentions for the world’s largest mobile entertainment arena.

There were no Tencent games among the 67 titles approved by the National Press and Publication Administration in the group of licenses granted this week. The WeChat operator had missed out on two previous rounds that started April, when regulators resumed publishing regular lists of approved titles following a months-long suspension. Titles by smaller rival NetEase Inc were also absent.