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Tencent Shares Rise as Chinese Regulator Approves New Games
It was the first time the government had approved new games from Tencent since last March.
Shares of Tencent (TCEHY) rose 2.86% Friday on news that the Chinese government had approved new mobile games from the Chinese internet giant for the first time since March.
Chinese regulators stopped approving new mobile video games last year, saying that many were too violent and addicting, sending Tencent shares plummeting. Tencent is the leading publisher of online games in China, and received about 32% of its revenues from them in the third quarter of 2018.
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https://www.thestreet.com/technology/ten...s-14845892
![[Bild: typ3.chart?ID_NOTATION=29020468&TIME_SPA...B&IND2=SRS]](http://x.onvista.de/typ3.chart?ID_NOTATION=29020468&TIME_SPAN=3M&LEGEND%20=1&IND0=VOLUME&SCALE=abs&SIZE=4&TYPE=CANDLE&SUPP_I%20NFO=0&AVG1=100&AVG2=200&IND1=BB&IND2=SRS)
![[Bild: typ3.chart?ID_NOTATION=29020468&TIME_SPA...CD&IND2=BB]](http://x.onvista.de/typ3.chart?ID_NOTATION=29020468&TIME_SPAN=1Y&LEGEND%20=1&IND0=VOLUME&SCALE=abs&SIZE=4&XSTEPS=MONTHLY&GRA%20NULARITY_UNIT=WEEK&TYPE=CANDLE&SUPP_INFO=0&AVG1=10%200&AVG2=200&IND1=MACD&IND2=BB)
![[Bild: typ3.chart?ID_NOTATION=29020468&TIME_SPA...D&IND2=SRS]](http://x.onvista.de/typ3.chart?ID_NOTATION=29020468&TIME_SPAN=3Y&LEGEND%20=1&IND0=VOLUME&SCALE=abs&SIZE=4&TYPE=CANDLE&SUPP_I%20NFO=0&AVG1=100&AVG2=200&IND1=MACD&IND2=SRS)
It was the first time the government had approved new games from Tencent since last March.
Shares of Tencent (TCEHY) rose 2.86% Friday on news that the Chinese government had approved new mobile games from the Chinese internet giant for the first time since March.
Chinese regulators stopped approving new mobile video games last year, saying that many were too violent and addicting, sending Tencent shares plummeting. Tencent is the leading publisher of online games in China, and received about 32% of its revenues from them in the third quarter of 2018.
....
https://www.thestreet.com/technology/ten...s-14845892
