Stories
Slash Boxes
Comments

SoylentNews is people

SoylentNews is powered by your submissions, so send in your scoop. Only 17 submissions in the queue.

Submission Preview

Link to Story

Should Games Firms Welcome Or Fear Chinese Conquest?

Accepted submission by Phoenix666 at 2016-11-04 11:45:18
Techonomics

The Chinese are coming and they're hungry for games companies [bbc.com].

They need new content to feed their 560 million avid gamers, who contribute to the biggest gaming market in the world - worth an estimated $24.4bn (£19.8bn) in 2016, according to Newzoo.

And this market is growing at around 15% a year.

Chinese firms have already spent more than $111bn on foreign acquisitions this year, according to Dealogic, with some of the biggest deals involving gaming companies.

Internet giant Tencent - which owns the WeChat and QQ Games platforms - bought Finnish Clash of Clans mobile games maker Supercell for $8.6bn earlier this year.


Original Submission