Chinese market declines for first time in ten years gamesindustry.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gamesindustry.biz Daily Mail and Mail on Sunday newspapers.
China In-Focus — Stocks fall; Video game revenue slides; China fines Didi Global $1 2 bn arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
Total revenue generated by Chinese video gaming companies and the number of gamers in the country both fell in the first half of 2022. The slowdown comes after the Chinese government implemented some of the world’s toughest regulations on video gaming.
Shares of online game enterprises rose dramatically on Wednesday after Chinese authorities approved the release of dozens of new games, sending a positive signal to the country's gaming sector, industry analysts said.