Over 140,000 gaming firms close as China continues new license freeze

China is continuing to hold off from issuing new game licenses to app developers producing for the App Store and other platforms, in regulatory inaction that has reportedly led to the shuttering of around 140,000 small game studios and related companies in the country.Under Chinese law, game developers must be licensed in order to sell games in the App Store and in other app marketplaces. While regulators stopped issuing new licenses in late 2021, it seems that the ban on new licenses is set to continue into 2022.The National press and Publication Administration (NPPA), which issues licenses for games in China, is continuing to abstain from publishing lists of new approved games. Following on from a suspension that started at the end of July, the South China Morning Post reports it has now become the longest suspension of new game licenses since a nine-month blackout in 2018. Read more…
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