Genshin Impact bags US$4bil in sign of rising power of China’s video gaming industry

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Nearly two thirds of the revenue was generated outside China with Japan, the United States and South Korea as the top three overseas markets.

has showcased the potential for Chinese mobile games to win over global players when the domestic gaming market remains sluggish due to tough regulatory controls and weak consumer spending., two of Tencent Holdings’ most-lucrative titles, has opened a new source of foreign income for the world’s second-largest economy., an anime-style action role-playing game, alone was almost equivalent to China’s total revenue from exports of washing machines last year. China booked US$2.

achieved. On its second anniversary this September, it had seen 37.3 million downloads in the year, a decrease of only 7% compared to the same period last year.has been able to gain worldwide popularity,” Yena You, a strategist at Sensor Tower, wrote in the report. “Beyond simple translation of in-game content, localisation was more meticulously tailored to each region, such as casting famous voice actors in each region for dubbing.

China-developed games were a bright spot in year-end awards at Apple’s App Store and the Google Play store. In Google Play’s annual list of tops apps in 2022,by Shanghai-based Lilith Games andChinese video game companies are on their way to exerting more influence over non-Chinese games, by taking ownership, holding shares or reaching partnership deals with global developers.

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