Tencent shares surged on Friday after a local regulatory official says some new video games had been cleared for sale. China stopped approving new titles from March amid a regulatory overhaul triggered by growing criticism of video games for being violent, leading to myopia and addiction among young users.
The freeze on new approvals has pressured gaming-related stocks and clouded the outlook for mobile games, rattling industry leader Tencent and its peers.
Source: Reuters
Editing by Charmaine De Lazo
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