Increase in Gaming Licenses in China

China's press and publication watchdog granted licenses to 105 domestic games, bringing the total number of newly issued gaming licenses to 1,075. The licensing and approval process for games has been in place in China since 2016, requiring all games to go through an official licensing process before commercial monetization. There have been fluctuations in the issuance of new licenses in the past, leading to mixed signals for the gaming industry. However, the recent regulations have aimed at promoting the healthy development of the industry.