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China’s gaming market hits $44.8b, highest since 2003
China’s video gaming industry generated sales of 325.8 billion yuan (US$44.8 billion) in 2024, marking a 7.53% increase from the previous year.
This figure is the highest annual sales since tracking began in 2003.
However, it indicates slower growth compared to the double-digit increases of previous years.
The number of gamers in China rose by 0.94%, reaching 674 million.
The report attributes this growth to the popularity of new titles, particularly in mobile and single-player gaming.
Recent video gaming developments
| Timeline |
|---|
02-Dec-2024 🎮 NetEase said to cut jobs due to game underperformance
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23-Sep-2024 🎮 Black Myth: Wukong fuels China’s gaming boom
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22-Oct-2021 🌐 Tencent to build metaverse team with new gaming studio
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05-Dec-2019 🎮 Esports team Astralis to go public as industry chases multibillion sponsorship deals
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| 09-Aug-2019 🎮 5G cloud gaming: Hype or real game changer? |
