The National Press and Publication Administration (NPPA) of China has recently issued new licenses for online games in the country for the month of December, totaling 105 games. Among these games are major titles such as Counter War: Future by Tencent and Firefly Assault by NetEase.
This announcement comes after NPPA proposed new legislation last week to regulate online games in China, which aims to target a broader group of players aged 18 and above, as opposed to its previous focus on controlling youth. This shift in regulations has resulted in a significant decrease in stock prices for both Tencent and NetEase.
Over the weekend, NPPA officials revealed that the agency has received various concerns and feedback regarding this draft legislation, which will be thoroughly considered in order to determine how it can be improved.
Some examples of the limitations proposed in this draft legislation include setting a spending cap for players within the game and prohibiting game providers from using various tactics to make players spend more money.
TLDR: NPPA has issued new licenses for online games in China, including popular titles from Tencent and NetEase. This comes after the agency proposed new regulations to target players aged 18 and above. Concerns and feedback regarding the draft legislation are being considered for possible improvements.
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