Beijing, November 16 : , China’s mobile gambling market saw an increase in revenues in October according to a new industry report. The sales revenue of the market reached about 18.64 billion yuan (about $2.9 billion) last month, up 0.48 per cent year on year, said the report released by CNG, a research institute on the gaming industry.According to CNG’s report, the sales revenue for the market was 18.64 billion Yuan ($about $2.9 Billion) in the month of December.This is an increase of 0.48 percent year-on-year, according to the research center on the gaming industry.
The revenue also increased 3.37 percent from September, reports Yonhap news agency.Yonhap news agency reports that the revenue increased by 3.37 percent over September.
The overseas sales revenue of China-developed mobile games stood at about 1.6 billion dollars in October, down 1.79 per cent from September.In October, the overseas revenue from mobile games developed in China was approximately 1.6 billion USD.This is 1.79 percent less than September.
The top 30 Chinese mobile game publishers raked in $2.16 billion worldwide in December last year, according to Sensor Tower, a mobile app data analysis firm.According to Sensor Tower (a firm that analyzes mobile apps data), the top Chinese game developers earned $2.16 trillion worldwide last December, according Sensor Tower.
The amount accounts for 29 per cent of the total revenue in the global mobile gaming market during the period, the firm said.
According to the company, this amount represents 29 percent of global mobile gaming revenue during that period.
In 2020, the total sales revenue of the top 30 mobile gaming giants increased 45 per cent year on year, and in contrast, the total payment of mobile gamers in App Store and Google Play only grew 27.8 per cent year on year, reports Xinhua news agency.According to Xinhua, in 2020 the sales revenue for the top mobile gaming companies increased by 45 percent year-on-year.
However, in comparison, mobile gamers paid in App Store or Google Play only grew 27% year on year.
The firm attributed the rapid expansion of these mobile game developers to their strategic understanding of the market and product innovation.
According to the firm, the company attributed rapid growth of mobile game developers to the strategic market understanding and product innovation.
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