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Tencent annual online games revenue 2010-2019

Over the past decade, the Chinese technology group Tencent Holdings has invested heavily in developing its gaming business. In 2019, its online games grossed 115 billion yuan – more than a ten-fold increase compared to 2010. This made up 30 percent of the Chinese tech giant’s annual revenue.

Tencent’s gaming empire

The entertainment giant has remained as the world’s top game publisher by revenue in recent years, leading the industry with several billion U.S. dollars more than the second placeholder, Sony. In terms of app download numbers, Tencent Mobile Games ranked fourth in iPhone game publishers. Its mobile games “Peacekeeper Elite” and “Honor of Kings” have been well-received in the Chinese market. (1004699) In fact, the Chinese conglomerate controls stakes in some of the world’s popular games, such as “League of Legends”, “Fortnite”, and “Clash of Clans”. Its battle-royale game PUBG Mobile has gained immense popularity in overseas markets.

The goldmine of online gaming in China

In a country with over 600 million gamers, the gaming market in China is massive and lucrative. In 2017, the revenue of China’s video game industry surpassed 200 billion yuan and continued to grow steadily. Undoubtedly, Chinese consumers are highly engaged in mobile gaming. On average, Chinese gamers played mobile games more than once a day with a duration of ten minutes per each time. Besides mobile games, eSports is another booming game sector in China. Role-playing games (RPG) and multiplayer online battle arena (MOBA) were the major revenue generators of eSports gaming. Having scoped out the market potentials of eSports, Tencent invested in the eSports streaming platform Douyu and acquired Douyu’s biggest domestic rival Huya in April 2020. It is quite unlikely for other market players to shake Tencent’s dominating status in the next few years.

Annual online games revenue generated by Tencent Holdings from 2010 to 2019

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Source

Release date

March 2020

Region

Worldwide, China

Survey time period

2010 to 2019

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