Hong Kong (CNN Business)Tencent’s gaming nightmare in China appears to be coming to an end.
Shares in the Chinese internet giant, the world’s largest gaming company, rose more than 5% Friday, after a government official signaled a prolonged freeze on approvals for new games is finally coming to an end.
“Approvals for the first batch of games have been completed, and we are working to issue licenses,” Feng Shixin, a senior official at the ruling Communist Party’s publicity department said at a gaming conference Friday.
