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The Chinese video games market grew to $42.6 billion during 2023, an increase of 13% year-on-year.
As reported by Reuters, domestic revenue for games increased by 15% to $36 billion.
Local consumer spending accounts for 85% of China’s total video game earnings.
China’s overseas game revenue saw a dip of 6%, which was attributed to countries’ increased scrutiny of titles based on national security concerns.
Still, the titles amassed $16.3 billion internationally. Anime-style titles, such as MiHoYo’s Genshin Impact, grew 31% year-on-year as it hit $4.3 billion.
Regarding international performance, China Xinhua News reports that the US accounted for 32.5% market share of Chinese mobile titles. Japan was second, as it made up 19% of the market.
Last month, Meta signed an agreement with Tencent to see the conglomerate become the exclusive seller of the Meta headsets in China.
