China just lifted its year-old ban on new video games but no Tencent games were approved in the initial list. Gamer World News Entertainment host Capt. Rob Steinberg says that it’s not really much of a surprise that Tencent’s Fortnite wasn’t in this first 80. He sees it as a huge economic opportunity for gaming companies in general.
Steinberg also noted that China “has gone very hyper” with
China Just Lifted New Video Game Ban
From what I’ve seen China just lifted this ban that allows more games to be licensed in China. That being said, we’ve only released about 80 games that were there. In that there are about 3,000 games that will be released in 2019 and there are about 7,000 games that are on this waitlist.
It’s not really much of a surprise that Tencent’s Fortnite wasn’t in this first 80. But what this does say is that there is an enormous market, a market that takes up $34 billion in the gaming industry that has now opened up the possibility of having these games enter that market.
China Has Gone Very Hyper Controlling Games
The gaming ban is really put in place by the government to try and protect its people. They’re very strict whenever it comes to allowing things in that might show anything that is illegal, immoral, or violent.
That being said, they have gone very hyper as far as the amount of control that they put over these games. In doing that they’ve lowered their economic ecosystem in gaming by 5.4 percent as of last year.
A Fantastic Time to Invest in Gaming
It has definitely had a huge impact and I believe lifting the console ban and allowing more games to come in will help them create more money. It also is great for us here in case you haven’t already invested in Tencent this is a fantastic time for you to consider getting into the game knowing that they are now about to open up to a huge market if they can break through and if Fortnite becomes popular with the Chinese.