China’s gaming market is massive and only continuing to grow. With millions of gamers and billions in revenue, China leads the global gaming industry. Key Data Points China’s gaming market hit $41 billion in revenue in 2023, up nearly 14% year-over-year There are over 600 million gamers in China Mobile gaming accounts for 75% of…
Recently China has given 32 “Waizi” licenses to foreign games including Tencent and Nexon’s Mobile DnF game after years of regulatory delays. The go-ahead DNF in the world’s largest gaming market sent a positive vibe among the developers as their share surged. Tencent gained nearly 6% after the news, its biggest daily gain since July…
Genshin Impact sets a mobile gaming record, hitting $5 billion in revenue in 40 months faster than Candy Crush and Clash of Clans as per data.ai,. When Chinese developer miHoYo released Genshin Impact in September 2020, few expected it to become the global gaming phenomenon it is today. Yet just over two years on, this…
China’s most popular game Honor of Kings boasts over 100 million daily active players. Now, as developer Tencent plans a worldwide launch in 2024, they’ve pledged a $15 million starting budget for building global esports. What competitions can we expect? Honor of Kings Esports Already Massive in China Even available only to China, Honor of…
In a not-so-surprising move, the Chinese government has released a set of strict rules that aimed to curb spending and rewards in online video gaming. This significant development has sent shockwaves through the gaming market, resulting in substantial losses for major players. Let’s delve into the details of these regulations, their immediate consequences, and the…
In the realm of gaming, the Chinese market has consistently been a powerhouse, and according to the latest insights from Niko Partners, the trajectory continues on an upward curve. The gaming market research firm has recently revised its forecasts for China’s PC, mobile, and console games markets, unveiling some exciting statistics that are reshaping expectations…
ByteDance, the owner of TikTok, is reportedly considering selling its gaming unit Moonton Technology. Two years ago ByteDance entered into gaming sector by acquiring Moonton Tech, the Shanghai-based studio for a staggering $4 billion. But if the rumor comes to be true, ByteDance might seem to be reviewing its decision to enter the gaming market….
