Video Game Might be China’s Next Biggest Cultural Export
Phenny Lynn Palec | | Jul 12, 2016 04:45 PM EDT |
(Photo : Reuters) China's video game market could expand to cover the world with Tencent's new deal.
When Tencent announced its acquisition of the Finnish video game developer, Supercell for a record-breaking $8.6 billion, the Chinese tech giant instantly became the world's biggest publisher and distributor in the gaming market which is worth $100 billion. Following the acquisition. Considering the scope of the two companies, many market analysts agree that video games are poised to become China's biggest cultural export.
Like Us on Facebook
While the economic aspects of the Tencent-Supercell agreement are also lucrative, what caught the attention of many analysts is the lasting effect of the deal on China's cultural export. China currently has the biggest video game industry in the world, a status that was never reached by other fields like TV, films, and books.
According to the Wall Street Journal, Tencent has already started releasing Supercell's massive hit Clash Royale in China.
Some of the most popular video game titles in China are still imported titles which publishers like Tencent have tailored to fit local gamers. In light of this heavy reliance on imported contents, some video game developers have started to incorporate tradition Chinese themes and contents into games such as Journey to the West.
Moreover, video game developers have avoided the sharp eye of censors, a fact that cannot be applied to contents released on films and television.
According to Bloomberg, a majority of Chinese game developers have focused mainly on the massive domestic market and have largely ignored the international market. However, with Tencent's acquisition of Supercell, whose user base spans almost all continents, many analysts said that this could be a good starting point for Chinese developers to start creating contents that will appeal to the international crowd.
Tagschina, video game, China video game market, Tencent, supercell, China video games, Tencent acquisition
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?