joined a rally in Asian gaming stocks Thursday after China approved its latest clutch of blockbuster titles, reinforcing hopes Beijing is easing a crackdown on the world’s largest mobile gaming arena.
The latest round of approvals also included several Korean games, suggesting regulators are relaxing their stance on foreign entertainment. Netmarble surged as much as 24% in Seoul — the most on record — after a Ni No Kuni title won approval, driving gains of between 5% and 12% in rival developers including Krafton and Nexon in Tokyo.“It was the first time since 2016 that Korean online games got approvals on a big scale,” Ahn Jaemin, an analyst at NH Investment & Securities, said in a note.
Regulators introduced stringent measures, such as capping play time for minors to a mere three hours a week, and imposed other requirements aimed at curbing addiction.
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