China Hates Foreign Game Investors

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According to Katie Melua, there are nine-million bicycles in Beijing…and soon there will be zero money from foreign game investors. Reuters has reported:

China’s video game industry regulator the General Administration of Press and Publication (GAPP) and copyright watchdog issued a circular on Saturday prohibiting foreign investment in domestic online gaming operations through joint ventures, wholly owned enterprises and cooperatives.

The new directive also disallows foreign firms from indirectly influencing Chinese gaming firms through agreements or technology support.

Hundreds of game companies have been trying to take advantage of the billions of people (millions of gamers?) in China. It looks like the government has put a stop to that, at least in the online gaming space.

I have a few friends in Shanghai attending GDC China. Hopefully they’ll be able to dig up some more info on this development.

Source via Game Politics

Author: RPadTV

http://www.RPad.TV