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Global News Impacting Chinese Tech

Following Netease’s Announcement to Postpone the Local Release of Diablo Immortal, a Game It Co-developed With Activision Blizzard, Shares in the Chinese Gaming Company Fell on Monday in Hong Kong.

News Snapshot:

A new release date for the mobile and PC game was not announced by NetEase in a statement issued on Sunday. China’s gaming authority granted licenses for a slew of new video games this week, hinting that the market is becoming less regulated, Reuters reported. On Monday morning, shares of NetEase ( NASDAQ: NTES) –1.69 percent (NTES) in Hong Kong fell more than 10% before recovering some of their losses to close at a decline of 6.68%. According to NetEase, they postponed the game’s release so that the creators could make various changes, including the addition of support for a…

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