© Reuters. “Game for Peace”, Tencent’s alternative to the blockbuster video game “PlayerUnknown’s Battlegrounds” (PUBG) in China, is seen on a mobile phone in this illustration picture taken May 13, 2019. REUTERS/Florence Lo/Illustration
HONG KONG (Reuters) – Shares of Tencent Holdings (OTC:), the world’s largest gaming company, and smaller rival NetEase (NASDAQ:) Inc rose on Wednesday after China’s video games regulator granted the first gaming licences in 2023, further easing an industry crackdown.
Tencent’s shares were set to open up 1.7%, while NetEase’s stock was set to jump 4.8%.
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