Tencent’s team and affiliates at its 2020 Global Esports Summit. Credit: Tencent
In the world’s biggest video game market, there is one company that reigns above all: Tencent. The internet giant, most famous outside of China for its messaging app WeChat, took in nearly $74 billion in 2020. More than a third of its immense earnings came from gaming in 2019.With more than 140 games and gaming assets across mobile, PC, consoles, e-sports, and live-streaming — both within China and abroad — the Shenzhen-based company has become a colossus of the global industry, too.
Tencent benefits from China’s thriving and ever-evolving gaming culture. The country’s gaming market was worth nearly $41 billion in 2020, with the U.S. following at $37 billion, according to gaming and e-sports analytics firm Newzoo. Internet cafes are still a popular destination for social gaming in person, and hundreds of millions of people engage with live-streaming.
But it’s also come up against hurdles at home and abroad. China’s government’s relationship with the gam
Subscribe, register or login to read the rest. Registered users can access a limited amount of content for free.
Subscribers get full access to:
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
As the Chinese ridehailing app prepares for a giant IPO in New York, a look back at how it rose to global prominence — and why one of its biggest obstacles going forward could take place on its home turf.
Thanks to impressive e-commerce operations and social media marketing, Shein, a little known Chinese brand, is giving global giants a run for their money.
The global health expert talks about China's handling of Covid-19, vaccines, and why — when it comes to policy implementation — China is remarkably resilient but also fundamentally flawed.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy
