China video games
China's Gaming Industry Earned $11 Billion in Sales in First Half of 2016
| Phenny Lynn Palec | | Aug 12, 2016 08:03 AM EDT |
A new report published during the 2016 ChinaJoy conference revealed that that Chinese gaming industry reached a total sales record of $11 billion within the first six months of the year. The report also revealed that while mobile and console gaming continue to rise, web-based gaming is facing a downward slope.
Video Game Might be China’s Next Biggest Cultural Export
| Phenny Lynn Palec | | Jul 12, 2016 04:45 PM EDT |
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.
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