New game approvals in China and a report praising the progress of reducing gaming addiction could be positive signs for giants Tencent and NetEase.
On Tuesday, research firm CNG alongside the China Game Industry Group Committee, which is affiliated with the gaming publishing regulator, published a report in which they praised the progress on reducing gaming addiction among people under the age of 18.Regulators have been concerned for some time about gaming addiction among minors.
The CNG report holds weight because it has been published in conjunction with a key gaming industry body with links to the regulator. The report said more than 70% of minors play games for less than 3 hours a week, and the problem of minors' game addiction has "achieved a step toward resolution," according to a CNBC translation.
The CNG report also singles out major Chinese gaming companies including Tencent and NetEase for their positive moves enforcing the protection of minors.to see whether the person playing the game is an adult. Another positive sign came last week when the regulators approved a batch of 70 new games for release. In China, video games need approval to be published and monetized. Among the approvals was a game titled Metal Slug: Awakening from Tencent, marking the company's first commercial game license in a year and a half, according to Reuters.
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