China Ends Video Game Freeze; Bilibili, DouYu Rise

The Chinese gaming industry faces ongoing challenges, including regulatory pressures and the withdrawal of Tencent's Penguin E sports venture. Despite these issues, a new batch of 45 game titles was approved, excluding major players like Tencent and NetEase. This development led to mixed market reactions, with some companies experiencing stock rallies. The future of the industry remains uncertain, especially with continued crackdowns on algorithms and live streaming.

What was Tencent's plan for its Penguin E-sports venture?

• To develop a Twitch-like service in China

• To partner with Western gaming companies

• To create a gaming console

• To launch a new mobile game

How did the Chinese government describe gaming in its criticism?

• A source of innovation

• A cultural heritage

• A necessary evil

• Spiritual opium

Which companies were notably absent from the list of newly approved game titles?

• Baidu and XD

• Dream Sky and Doe you

• Tencent and NetEase

• Bilibili and Huya

What was the market reaction to the new game approvals?

• A rally in stocks like Bilibili

• A surge in Tencent's stock

• A decline in all gaming stocks

• No change in stock prices

What are the ongoing concerns for the gaming industry in China?

• Lack of innovation

• High production costs

• Regulatory crackdowns on algorithms and live streaming

• Shortage of skilled developers