China’s video games industry racked up US$10.4bil in sales in Q3 as boom continues

China now has more gamers than the entire populations of the US, Japan, Germany, France and the UK combined. Mobile games accounted for nearly three quarters of the sector’s total revenue, raking in 50.8bil yuan. — SCMP

China’s video gaming industry, the world’s biggest, racked up 68.5bil yuan (US$10.4bil or RM42.70bil) in revenue in the third quarter, a 15.72% gain on the same period a year ago but down from the first quarter as gaming surged amid the Covid-19 pandemic and related lockdowns.

Meanwhile, the number of gamers rose 3.6 million more to 661 million nationwide, according to the latest report on Friday by the government-backed China Audio-video and Digital Publishing Association. In the first quarter revenue hit a record high of 73.2bil yuan (RM45.63bil).