Gaming in China: Chinese government bans foreign investment in online games industry

The People’s Republic of China is building a great economic wall around its domestic industry. Reuters reports the Chinese General Administration of Press and Publication (GAPP) is prohibiting investment by foreigners in the industry, through either “joint ventures, wholly owned enterprises and cooperatives.”

To keep things even more in-house, the order also forbids foreign companies from influencing Chinese gaming firms through technology or other support agreements. The GAPP estimates the Chinese online market is worth about $4 billion.

via China bans foreign investment in online games industry.

Read Also:

One Response

  1. [...] Originally posted here: Gaming in China: Chinese government bans foreign investment in … [...]

Leave a Reply

%d bloggers like this: