{"id":126152,"date":"2022-11-28T17:15:26","date_gmt":"2022-11-28T15:15:26","guid":{"rendered":"https:\/\/mygaming.co.za\/news\/?p=126152"},"modified":"2022-11-28T20:59:11","modified_gmt":"2022-11-28T18:59:11","slug":"tencent-gaming-catches-a-break-wip","status":"publish","type":"post","link":"https:\/\/mygaming.co.za\/news\/business\/126152-tencent-gaming-catches-a-break-wip","title":{"rendered":"Tencent finally gets game license after harsh crackdown"},"content":{"rendered":"

Tencent has received its first video game license after a period of intense pressure for Chinese tech companies.<\/p>\n

This could mean that the world’s largest gaming conglomerate may be able to start producing more games for its local market.<\/p>\n

Calm after the storm<\/h3>\n

\"Fortnite<\/a><\/p>\n

Tencent received its first game license from the National Press and Public Administration (NAPA) since May 2021.<\/p>\n

The license was for mobile-only Metal Slug: Awakening and was part of over 70 licenses granted by the NAPA.<\/p>\n

This is noteworthy as the Chinese Community Party (CCP) recently cracked down on major tech companies – especially video game companies.<\/p>\n

This included an antitrust fine for Tencent and the government limiting gaming hours for those under eighteen \u2013 1 hour per weekday and 2 hours on the weekend.<\/p>\n

It also had a 6-month video game licensing freeze lifted in April this year, but it still only received its first license in November.<\/p>\n

Focus on overseas investment<\/h3>\n

\"League<\/a><\/p>\n

Although the move may provide some good news, Tencent has already shifted focus to international gaming markets.<\/p>\n

Tencent has been investing in international developers for over a decade, but their current policy on takeovers has only seen them buying majority stakes in companies.<\/p>\n

For example, last year, Tencent took over British developer Sumo \u2013 the developers of Crackdown 3 and Sackboy: A Big Adventure – in a $1.3 billion deal.<\/p>\n

Adding numerous overseas titles will allow Tencent’s gaming division room to grow internationally, which will likely be necessary as the domestic future remains uncertain for major tech companies in China.<\/p>\n

\n

Read more: Fortnite’s building mechanics have returned\u00a0<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"

It took over a year for Tencent to get a new Chinese game license. <\/p>\n","protected":false},"author":253,"featured_media":126153,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_enabled":true,"_sma_x_custom_text":"","_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[2,2226],"tags":[1563,631,8952,26442,633,8951],"class_list":["post-126152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-mobile","tag-fortnite","tag-league-of-legends","tag-naspers","tag-prosus","tag-riot-games","tag-tencent"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/126152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/253"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=126152"}],"version-history":[{"count":1,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/126152\/revisions"}],"predecessor-version":[{"id":126154,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/126152\/revisions\/126154"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media\/126153"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=126152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=126152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=126152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}