Tencent and Netease pops up as China reinstates gaming approvals

Tencent Holdings, the Chinese Internet and gaming conglomerate, and its peer NetEase (Nasdaq: NTES) jumped on Friday following Chinese government’s decision to resume game approvals. Tencent increased by 4.5% in the Hong Kong stock exchange and NetEase was up about 4% during the mid-day in Nasdaq. A senior official of the Chinese government said in … Continue reading Tencent and Netease pops up as China reinstates gaming approvals