China Slows Approval of New Online Games – SCMP

Sep 9 (Reuters) – China has temporarily slowed approval of all new online games in a bid to curb gambling addiction among young people, the South China Morning Post reported on Thursday citing people with knowledge of the matter.

The SCMP said the strategy to slow approvals emerged after a meeting on Wednesday between Chinese authorities and gaming companies including Tencent Holdings Ltd (0700.HK) and NetEase Inc (9999.HK).

Beijing had summoned game companies including Tencent and NetEase on Wednesday. Read more

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A man plays an online game on a computer at an internet cafe in Beijing, China August 31, 2021. REUTERS/Florence Lo

Tencent declined to comment. NetEase did not immediately respond to Reuters request for comment.

China decided in August to ban under-18s from playing video games for more than three hours a week, saying it was necessary to curb a growing addiction to what it once called “spiritual opium”. “. Read more

China has waged a massive crackdown across a wide range of sectors, including technology, education and real estate, to tighten government control after years of meteoric growth. Read more

(This story has been corrected to say China is “slowing down” approvals, not “suspended”, in the title and paragraphs 1 and 2 after SCMP clarification. Also corrects paragraph 2 to say that the strategy of the China emerged after a meeting and not during the meeting)

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Reporting by Anirudh Saligrama in Bengaluru Editing by Raissa Kasolowsky and John Stonestreet

Our standards: The Thomson Reuters Trust Principles.

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