China’s online gaming market seeing bigger profits, revenue

Global Business

China's online gaming market seeing bigger profits, revenue

Online gaming is growing rapidly in China.

Research by Goldman Sachs shows that games are the biggest component of media spending by Chinese consumers, reaching $14.3 billion in 2013.

That’s helped Chinese games publishers rise to the top, with many games being played on smartphones.  Developer Tencent in particular has a strong hold on the market.

CGTN’s Yang Chengxi has details.

China is one of the world’s biggest gaming markets. The concept of E-sports has a huge fan base, and they are moving from PCs to smartphones.

To many, MOBA is more than just game, it’s a serious sport. Leveraging the genre’s popularity in China, In 2015, Tencent released a new MOBA game, Honor of Kings.

Ari Zoldan, Quantum Networks CEO, on the rise of the Chinese gaming market

To discuss the state of China’s gaming market, CGTN’s Rachelle Akuffo spoke with Quantum Networks CEO, Ari Zoldan.