The 14,000 games companies affected have all deregistered since then, according to the state-run financial publication Securities Daily.
14,000 gaming-related firms have deregistered since August The Chinese government’s ongoing freeze regarding video game licenses has shut down 14,000 gaming-affiliated companies in that nation, the South China Morning Post reports, consolidating that market further in larger companies and conglomerates even as it causes them to lay off workers and look overseas for business.
Typically, the Morning Post says, China’s National Press and Publication Administration would license between 80 and 100 video games each month.
Even larger companies like NetEase and Tencent holdings have shifted resources to overseas markets, the Morning Post reported.