Gaming Market Archives

Mobile Game Giant Perfect World Sees Sharp Decrease in Annual Net Profit, Stock Plummets

Perfect World, a leading mobile game company in China, announced a significant decrease in its net profits in 2021.

Perfect World Achieves Net Profit of $84.8 Million in Third Quarter of 2021

During the reporting period, the cultural and entertainment company achieved a total operating income of 2.533 billion yuan ($396 million), down 13.21% year-on-year.

Tencent Invests in Polish Game Developer Bloober Team

With this deal, the Chinese internet giant replaces Polish investment firm Rockbridge TFI to become the gaming company's largest shareholder.

Tencent-backed Esport Star Honor of Kings DAU Reaches 100 million

Tencent Games announced on Nov. 1 during a live-streamed celebration of the game’s 5th anniversary that its star mobile game Honor of Kings has obtained an average DAU of 100 million.

Former Tencent Employees Design ‘Black Myth: Wu Kong’, Gameplay Video Goes Viral on Chinese and Western Internet

Since last week, a 13-minute gameplay video of a game called ‘Black Myth: Wu Kong’ has left an unforgettable impression on the audiences.

China Reports Over $10 Billion Esports Games Profit in First Half of 2020, Grows 54.7% YoY

During the annual China Digital Entertainment Expo & Conference (ChinaJoy) in Shanghai, China Game Industry Research Institute released its research report for China’s gaming industry from January to June of 2020.

NetEase Sets Up Studio in Japan for Next-Gen Console Game Development

NetEase set up a new branch for developing console games in Tokyo Japan and spreading its influence in Japanese market.

Tencent Q1 Revenue Boosted By Gaming Business Despite COVID-19 Lockdowns

Tencent Holdings reported on Wednesday a 26% year-on-year increase in its revenue for the first quarter of 2020 with its video games business generating more than a third of its revenue.

China’s Gaming Market Records Strong Growth During Coronavirus Lockdown

China’s video game market saw substantial growth during the first quarter of 2020 as people were required to stay at home to prevent the spread of COVID-19.

China to be Overthrown as World’s Largest Gaming Market in 2019

The global games market report by NewZoo, a leading company in Gaming and Esports Analytics discusses the general trends of the 2019 global gaming market.

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