China relaxes crackdown on online gaming after $80bn market drop
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China has approved 105 domestic video games, including titles from major companies such as Tencent and NetEase, reports Bloomberg. This move suggests a potential easing of the country's recent tightening of industry controls, which caused an $80 billion market drop last week. Both Tencent and NetEase witnessed a significant decline in their market value on Friday. According to a WeChat post by an industry association, the latest approvals show Chinese authorities' support for online gaming development.