Hong Kong (CNN Business) Tencent is back in the game in China.

Tencent's TCEHY After a nine-month freeze that hammeredstock price, Chinese authorities have started allowing the internet company to make money off new mobile games again.

China's State Administration of Press and Publications began issuing new game licenses late last month, wading into an estimated backlog of more than 7,000 titles that had built up during the epic halt on approvals.

But the first three lists of approved titles featured none from Tencent, the world's largest gaming company. Its break came with the announcement Thursday of the latest batch of licenses, which included two of its games.

Investors welcomed the news, pushing Tencent shares up 4.1% in Hong Kong on Friday. The stock has lost about 25% of its value in the past year.

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