China’s regulators approved 30 imported online video games Tuesday, Such as Tencent’s”Game of Thrones: Winter is Coming”, according to a notice on the regulator’s website.
It marked the first batch of imported online games approved since February 2018. China stopped granting permits to monetise online games in March 2018, hurting the business and developers such as Tencentand NetEase. China resumed approving domestic video games in December.
A test version of Game of Thrones, that relies on the US hit television series and developed by Chinese matches manufacturer Yoozoo, premiered in January.
NetEase, another games powerhouse in China, also had just one imported video match approved on Tuesday.
Separately, Tencent Holdings is planning to raise approximately $5 billion in US dollar-denominated bonds this week, two individuals with knowledge of the issue said.
The deal could be Asia’s biggest so far this year, Refinitiv data reveals. Chinese property developer Evergrande offered $2.8 billion in bonds in January, currently the biggest problem.
Bloomberg first reported Tencent’s strategy for the bond issue earlier in the day.
Tencent last tapped the bond market in January this past year, in which it raised $5 billion. It plans to launch the most recent sale on Wednesday, the people said.
Tencent stated in an exchange submitting on Monday it had increased its Global Medium Term Note Programme limitation to $20 billion from $10 billion.