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Gaming sector grows 10.8% in H1, industry report says

August 07, 2019 / globaltimes

Experts believe the country's regulation and guidance of the gaming industry's development led to the growth, which enhanced research and development (R&D) capabilities and improved the industrial chain. H1 actual-sales revenue in the Chinese gaming market hit 70 billion yuan, up 18.8 percent over the same period last year, according to the report. China's self-developed online gaming market maintained growth in the first half year, with spending on mobile games' R&D rising significantly. The exporting pace of China's gaming products has sped up in recent years, with sales revenue of self-developed online games in the overseas market rising by 23.7 percent year-on-year in the first hal, the report said. Meanwhile, Europe, the US, Japan and South Korea have become major markets. Chinese game enterprises are advantageous in gaming products' R&D and promotion, while overseas markets attracted them to expand their businesses all over the world, according...