The video game industry in China reaches $ 10 billion
The video game industry in China reaches $ 10 billion

The video game industry in China is the largest video game industry in the world, with third-quarter sales reaching 68.5 billion yuan ($ 10.4 billion).

These numbers were up 15.72% from the same period last year but down from the first quarter due to the increase in the number of games with the spread of the epidemic and the associated ban.

According to the latest report from the government-backed Chinese Association of Audiovisual and Digital Publishing, the number of actors increased by 3.6 million, and the number of actors nationwide increased to 661 million.

In the first quarter, sales of the video game industry in China reached a record high of 73.2 billion yuan.

The Chinese participants crossed the United States, Japan, Germany, France and the United Kingdom together.

This epidemic has further expanded the fast-growing video game industry. In digital transformation, games are becoming a bigger part of the entertainment industry.

Mobile games accounted for nearly three-quarters of the industry's total revenue and generated 50.8 billion yuan in revenue.

With internet cafes operating across the country, PC gaming has recovered. Sales increased 3.6% to CNY 14.3 billion.

Web browser games continued to decline, dropping to 1.8 billion yuan in the quarter from 2.4 billion yuan in the same period last year.

China-made toys are also achieving more sales in overseas markets, with sales of $ 3.87 billion in all overseas markets in the third quarter.

China requires these games to be licensed before they are released in China, and excessive participation and sensitive political content could prevent these games.

Warframe licensed November. Although another 55 imported games were approved this year, Warframe is the only game approved for import into China in the past three months.

Tencent operates the world's largest video game company and the largest social network in China. Net income in the third quarter rose 89 percent, better than expected.

In the three months ending September 30th, online game sales increased by 45%.

In recent years, Tencent has cemented its position as a leading gaming company in China with huge hits such as "Glory of the King" and "Peacekeeper Elite".

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