For the first time in years, the gaming industry in China is shrinking.
For the first time since 2005, Chinas video game sector saw a drop in sales, with 265.9 billion yuan $39 billion in video game sales in 2022, a 10.33%
For the first time since 2005, Chinas video game sector saw a drop in sales, with 265.9 billion yuan $39 billion in video game sales in 2022, a 10.33% drop year on year. The total number of users fell to 664 million, 0.33% less than the previous year. Developers ranging from small startups to behemoths like Tencent are venturing abroad in search of new growth opportunities. Chinese games have been exported for years, but they are finally making an impact in the West, with Chinamade titles accounting for up to 20% of mobile gaming revenues in 2020.
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B2B Tech News | 1 months ago