Why Tencent Investors Can Afford a Smile

The long freeze on approvals for new video games in China may be coming to an end, according to Reuters reporting on comments by a senior Chinese regulatory official. Tencent (TCEHY) shares have taken a beating in 2018 as the company has been unable to make money from some of its new games. Feng Shixin, an official in China’s publicity department, said that approval for the first batch of games had been completed and that the next step would be to issue commercialization licenses, according to the report.