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Top news from the gaming industry. **Rules:** 1. No news roundups, promotions or offers 2. No off-topic or low-effort content or comments 3. No illegal content or inflammatory language 4. No reposts
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© 2020 Relevant Protocols Inc.
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>"With the process for new approvals in limbo, about 14,000 small studios and video gaming-related firms in China went out of business over the past several months. The recent company closures and lay-offs show the increased regulatory uncertainty in China, which ranks as the world’s largest and most lucrative video gaming market. That has made it increasingly difficult for companies to invest and draw up new video gaming projects in the domestic market. The freeze on new licences came months after President Xi Jinping raised the issue of gaming addiction among the country’s youth during the Chinese People’s Political Consultative Conference, the other half of China’s annual “two sessions” event in March. The other major measure, a three-hour weekly gaming restriction for minors, was announced in August 2021.”
>"With the process for new approvals in limbo, about 14,000 small studios and video gaming-related firms in China went out of business over the past several months. The recent company closures and lay-offs show the increased regulatory uncertainty in China, which ranks as the world’s largest and most lucrative video gaming market. That has made it increasingly difficult for companies to invest and draw up new video gaming projects in the domestic market. The freeze on new licences came months after President Xi Jinping raised the issue of gaming addiction among the country’s youth during the Chinese People’s Political Consultative Conference, the other half of China’s annual “two sessions” event in March. The other major measure, a three-hour weekly gaming restriction for minors, was announced in August 2021.”
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