Posted 12/15/2023, 5:07:00 AM
China's Video Game Market Rebounds in 2023 with Record Gamers and Growth in Domestic Titles
- China's video game market recovered in 2023 with domestic revenue up 13% to $42.6 billion, the first growth after a decline in 2022
- The number of gamers in China reached a record high of 668 million in 2023
- Revenue from China-developed games grew 15% in 2023 to $36.0 billion as Beijing pushes for tech self-sufficiency
- Overseas revenue from Chinese games dropped 6% in 2023 amid scrutiny from countries like India
- Anime-style games were popular in 2023, helping drive growth at companies like Tencent and NetEase