China approves 105 games after draft rules wipe $80 billion from top firms

Shortly after shaking up its domestic video games market, Chinese regulators have approved over a hundred games for sale and play within the overseas country. China is notoriously fickle and requires game-makers to abide by controlled policies that are aimed at regulating how much time and money Chinese citizens spend on video games. The National Press and Publication Administration recently published a draft of rules that, if implemented and made into law, would shake up the video games market. Under the new rules, game-makers would be forced to cap player spending in games, cut out all daily login rewards, and any items that are included in blind-bag style lootboxes would also have to be offered for direct purchase. This draft shocked investors, leading to an $80 billion stock sell-off across China's two biggest games companies, Tencent and NetEase. The new rules also force a strict 60-day approval process for new games, and as a kind of punctuation to this point, China's NPPA approved a batch of 105 games. These titles were games made domestically by Chinese video games firms.