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


By Josh Ye

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).

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

SCMP

   

Next In Tech News

Self-proclaimed bitcoin inventor lied 'repeatedly' to support claim, says UK judge
Ukraine's Kyivstar allocated $90 million to deal with cyberattack aftermath
Kirin's electric spoon leaps from Ig Nobel infamy to the dinner table
Google invests 1 billion euros in Finnish data centre to drive AI growth
Microsoft to unveil AI devices and features ahead of developer conference
Paris vies for Europe's AI crown as key conference beckons
‘Grand Theft Auto VI’ release set for late 2025
TikTok parent ByteDance now has China’s most popular AI chatbot
Things to know about an AI safety summit in Seoul
Venture capital investment in crypto picks up after long decline

Others Also Read