NetEase Soars 7% on Obtained Diablo Immortal Publishing Certification

33 games obtained publishing certification, including NetEase "Diablo: Immortal" and Tencent "League of Legends: Wild Rift"
Benjamin WangFeb 09,2021,22:10

General Administration of Press and Publication announced the approval information for imported online games in 2021 today. 33 games obtained publishing certification, including NetEase (Nasdaq: NTES) "Diablo: Immortal".

Shares of NetEase closed at $132.42, up 6.68% today in New York.

Developed by Blizzard Entertainment (Nasdaq: ATVI) and NetEase, Diablo Immortal was announced in late 2018 and is planned for release on Android and iOS. The game is a free-to-play action role-playing video game in the Diablo series, designed for online multiplayer on mobile devices. The game's plot takes place between the events of Diablo II and Diablo III, according to Blizzard.

Blizzard added, all equipment in the game is free, and the only paid item is "Battle Pass” which offers unique awards.

Moreover, League of Legends: Wild Rift, developed by Tencent (OTC: TCEHY; HKEX: 0700)’s subsidiary Riot Games, obtained the certification in China as well.

League of Legends mobile version has successively provided overseas servers as early as 2020.

In 2020, the scale of China’s online game market increased significantly. According to Analysys, China's online game market will reach 318.9 billion yuan in 2020, representing an increase of 19.3% or 51.6 billion yuan from 2019.

Driven mainly by smartphone and other handheld device sales, mobile games have overtaken PC-online games as the largest sector in the Chinese online gaming market. In 2019, the mobile gaming market in China had reached 209 billion yuan, seeing double-digit annual growth over the last few years.

Topics:NetEase; Tencent; China; U.S.