Thriving Chinese Internet Gaming Market to Grow Even Faster in 2013

Thriving Chinese Internet Gaming Market to Grow Even Faster in 2013 According to the latest study published by Analysys International, the total revenues of internet gaming sector in China are heading for 68.5 billion yuan ($11 billion) in 2013 primarily due to very significant growth in use and development of mobile and tablet devices.

Available indications suggest that revenues topped 56 billion yuan in 2012 following the remarkable influence and penetration of mobile technologies in China. However, in view of the internet gaming market development, local government remains opposed to legalization of online gambling, allowing only welfare lotteries for now.

Revenues generated by mobile games are expected to surge in 2013 hand in hand with the nation's smartphone penetration rate set to surpass 50 percent, Beijing-based Analysys International reports.

"The sector is expected to maintain a 50 percent annual growth rate over the next three years," says Xue Yongfeng, the company researcher, as the China Daily newspaper reports.

He also said that the slowdown in growth of the browser games sector is anticipated over the next three years, but will still be able to contribute about 17 billion yuan in annual revenue by 2015, as this year’s revenue was close to 8 billion.

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