honor of kings
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14,000 Chinese Game Companies Have Gone Out Of Business Due To Regulation Freeze
China’s freeze on video game licenses continues. South China Morning Post notes that the National Press and Publication Administration (NPPA) has not released a list of newly approved titles since July 2021. Because of this, state-run newspaper Securities Daily reports that approximately 14,000 small game studios and video game connection companies, including those involved in…
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Video Games Are “Spiritual Opium,” Says Chinese Government-Owned Media
Tencent stock fell as much as 11 per cent today after a Chinese economic paper blasted gaming, referring to it as “spiritual opium” and “electronic drugs.”