Great News For Gaming Companies Eyeing China As It Relaxes Approval Of Imported Games

• China's online game regulator approved 45 foreign video game licenses, further easing regulatory curbs on the afflicted industry.

• The National Press and Publication Administration 45 imported online games, including Nintendo Co, Ltd's (OTC: NTDOF) (OTC: NTDOY) "Pokémon Unite" and CD Projekt SA's (OTC: OTGLY) (OTC: OTGLF) "Gwent: The Witcher Card Game," Reuters reports.

• China approved 84 domestic games for December.

• Also Read: Sony Amplifies Gaming Rivalry With Microsoft In China

• Beijing's crackdown on the video games industry began last August.

• Regulators resumed issuing game licenses to homegrown games in April, and the approval of foreign games was the last regulatory curb.

• Beijing's year-long crackdown on the industry has dealt a significant blow to Chinese tech companies, including Tencent Holding Ltd (OTC: TCEHY) and NetEase, Inc (NASDAQ: NTES).

• Pokémon Unite, co-created by Nintendo and Tencent, surpassed 50 million downloads by the end of last December after its release on the Nintendo Switch outside of China in July last year.

• Price Action: NTES shares traded higher by 0.90% at $73.80 premarket on the last check Wednesday.

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