Shares of Tencent and NetEase rise as China’s crackdown on gaming ends

HONG KONG, January 18 (Reuters) – Shares of Tencent Holdings (0700.HK)the world’s largest gaming company, and smaller rival NetEase Inc (9999.HK) rose on Wednesday after China’s video game regulator granted its first game licenses in 2023, further easing the industry’s crackdown.

Shares of Tencent would open 1.7%, while NetEase shares would rise 4.8%.

Reporting by Anne Marie Roantree; Edited by Jacqueline Wong

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