"China's whole online gaming industry is having some issues - not only because of regulation but also because Chinese gamers are becoming more mature and selective", Shawn Yang, executive director for Blue Lotus Capital Advisors, told Bloomberg TV.
Tencent stock also took a tumble when it was asked by the SART to take off "Monster Hunt: World Wide", a popular game worldwide earlier this week. Analysts expected the Capcom-developed game to be one of Tencent's biggest sellers but its listing disappeared within a week of its release after regulators reportedly received a large number of complaints about its content. The title secured more than one million pre-orders on WeGame in China prior to its release last Wednesday. "We do believe it's not a matter of whether these games will be approved for monetization, but a matter of when", Lau added.
It's unclear if China will resume game approvals soon or if more stringent rules will appear, but the fallout highlights political pitfalls in the tightly controlled country. Tencent said it was working closely with regulators to get the license, which allows it to make money on the game, for instance by selling virtual items within the app.
Despite the above, mobile gaming remains extremely popular in China, and mobile publishers could well be feeling the heat when approvals for game licenses slows to a crawl. The list is normally updated regularly.
Turkey calls on USA to get back to dialogue - top diplomat
Lavrov noted that United States sanctions, including those against Turkey, undermine all principles of global trade. We can not guarantee that it is suitable for the visually or hearing impaired.
Quoting unnamed sources, Bloomberg said approvals for online, console and mobile games have been stalled for months, leaving developers stranded.
While mobile games such as King of Glory and PlayerUnknown's Battlegrounds, or PUBG, have generated considerable traffic for Tencent, King of Glory has started a downtrend after more than two years of growth.
South Africa's Naspers, which owns a 31 percent stake in Tencent, saw its stock lose 8 percent.
"For new game approvals, there will continue to be a drag", said Alicia Yap, Citigroup Global Markets's head of pan-Asia internet research.
'Most ancient cheese' found in 3300-year-old Egyptian jar
Kindstedt said others have discovered traces of older cheese or yogurt (the two can be hard to distinguish), Kindstedt said. Nearby, they found a scrap of canvas fabric that was likely used to preserve and cover the ancient blob of food.
The ministries did not respond to requests for comment. They could choose to continue playing but there would be no guarantee the service would continue, it said.
Revenue rose 30 percent to 73.68 billion yuan in the latest quarter, lagging 16 analysts' average estimate of 77.5 billion yuan.
Xi dramatically strengthened his grip at a Communist Party leadership congress late past year, becoming the most powerful Chinese leader since Mao Zedong. The gaming industry regularly draws scrutiny for addiction, violence and even violating core socialist values.
"The gaming fundamental is actually as strong as it has been", Lau said, pointing to growing user numbers and downloads for the company's games.
Celebrations begin for Priyanka Chopra, Nick Jonas' engagement
The gorgeous couple are celebrating their recent engagement in style as they wined and dined in Mumbai with family and friends. Priyanka's guest list is said to include her cousin Parineeti Chopra and Bollywood buds like Ranveer Singh and Manish Malhotra.