China Approves 105 Video Games After Tencent, NetEase Dive On Proposed New Gaming Rules

China approved 105 video games on Monday in an effort to ease concerns after regulators proposed stricter gaming rules. The proposed restrictions included limits on playtime for minors and in-game spending. This led to worries of a renewed crackdown on the gaming industry. As a result, several gaming companies, including NetEase, Tencent Holdings, Bilibili, and Huya, saw a decline in stock prices. E-commerce giants Alibaba, JD.com, and Pinduoduo also experienced a decrease in share prices. The National Press and Public Administration stated they would consider feedback from game makers and players. The Shanghai stock exchange slightly rose, but gaming-related stocks mostly fell. The impact of these developments will be seen in Tuesday’s U.S. trading.