China just lifted its ban on new video games after nearly a year of keeping games from getting released. Its regulatory arm approved 80 new games today, as first reported by Reuters. But curiously enough, none of them are from the country’s biggest gaming company, Tencent.
Tencent is best known as the company that owns WeChat, China’s pervasive app that can make payments, host mini-apps, and connect people through messages and emojis. But its main source of revenue is video games it owns like Arena of Valor (also known as Honor of Kings), League of Legends, and ones that it’s invested heavily in such as PlayerUnknown’s Battlegrounds and Fortnite. But as China tightened its video game rules this year and Tencent has struggled to adapt,...
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