China's content regulator said Friday it had approved the monetization of 95 new video games as it continues working through a backlog of approvals.
The regulatory body instituted a moratorium early last year on game approvals based on concerns about the social impact of games on the Chinese population, especially children. It began approving games again last December and has approved 726 new games since then.
The approvals announced Friday included online games from Chinese internet companies Tencent (TCEHY) and NetEase (NTES - Get Report) . Shares of Tencent, China's largest maker of online games, fell sharply last year when the regulatory body first suspended its approvals of new games.
On Friday morning, shares of Tencent were down 2.4% to $43.40 while those of NetEase were rising 0.7% to $225.99. Chinese stocks fell more than 4.4% on Friday on new data showing a plunge in Chinese exports.
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