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Tencent’s Games Revenue for China Domestic Market Hit 20.22 Billion USD in 2021, an Increase of 6%
2K View2022-03-24
Chinese game giant Tencent today released its financial report for Q4 and the full year of 2021. It reported an 6% increase of games revenue for the domestic market, with 128.8 billion CNY (~20.22 Billion USD), while its revenue for the overseas markets increased by 31%, to 45.5 billion CNY.
The China domestic market’s games revenue growth was driven by the impressive performance of Honor of Kings, Call of Duty Mobile, and Moonlight Blade Mobile, but restricted by the limited revenue of Dungeon and Fighters, and Game for Peace.
The company said they have carried out a series of comprehensive methods in China's domestic market to protect minors, which reduced the minor’s spending and required the company more resources on the new methods’ implementation. These two factors limited the game's revenue growth.
On a global scale, Tencent’s revenue growth was driven by the excellent performance e of PUBG Mobile, Valorant, Brawl Stars, and Clash of Clans, the company said in an announcement.
In quarter four of 2021, the company saw minors’ gaming time on its services decreased by 88% year-on-year. Now the gaming time by minors accounted for only 0.9% of the total. The transactions from minors also dropped by 73% year-on-year in Q4.
For the full year 2021, Tencent saw its overall revenue hit 560.12 billion CNY, up 16% compared with that of 2020.
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2021 China Gaming Industry Report is Out, Highlighting Worries That Growth Cannot Continue as it Has
Author: Isabella Jiangcheng
Today, the Game Publishing Committee of China's Audio-Video and Digital Publishing Association （中国音数协游戏工委）released 2021's Chinese Gaming Industry Report. The report highlighted the continuous growth of China's gaming industry both in its market size and in its user base. However, the report also pointed out the slowdown of the growth rate that should raise some concerns for the industry insiders.
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42 Chinese Mobile Games Earned More Than 100 Million USD in 2021, the US Becomes The Largest Oversea
[b][i][url=https://www.superpixel.com/author/Weilin%20Li]Weilin Li
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According to mobile app data analysis firm Sensor Tower, there are 42 Chinese mobile games that earned more than 100 million USD from overseas markets in 2021, five more than in 2020. The United States has replaced Japan as the largest overseas market of revenue for Chinese mobile games. Generally, the pandemic has not impeded the revenue growth of global mobile game market last year.
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Global Revenue Ranking of Chinese Mobile Game Publishers in April 2022
Sensor Tower data statistics show that in April 2022, a total of 38 Chinese companies were listed in the TOP 100 global mobile game publishers revenue list, with a combined profit of more than 2.3 billion dollars, accounting for 41.8% of the total revenue in the list, as reported in detail below.
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