APAC

• NetEase Revenue Up 11.2%; Dream Games Raises USD$7.5m

  3 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: NetEase revenue up 11.2%; Dream Games raises USD$7.5m (£5.8m); and Mythical Games secures USD$19m (£14.7m) in funding. NetEase revenue up 11.2% Chinese internet and online games provider NetEase has realised revenue of CN¥14.636bn (£1.611bn) in the third quarter of 2019, representing a year-on-year increase of 11.2%, according to the company’s unaudited financial results. Gross profit also increased by 8.9% to reach CN¥7.87bn (£866m) The Guangzhou-based firm’s gaming division [...]

• Valve to Launch VR Half-Life Title; Skydance Media to Form New Studio

  3 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Valve to launch VR Half-Life title; Skydance Media to form new studio; and PC & Mobile gaming revenue to pass USD$8.3bn (£6.4bn) in Greater Southeast Asia. Valve to launch VR Half-Life title Valve has announced that it is revealing its new VR title, Half-Life: Alyx, on Thursday 21st November at 10am PT. The move is significant given the popularity of the Half-Life franchise, with the first title in [...]

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• Tencent Adds Live-Streaming Function to WeChat; Scopely Expands into APAC

  3 months ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Tencent integrates live-streaming e-commerce functions in WeChat, Scopely expands into APAC, and PlayStation 4 sells thirty million units in the US. Tencent integrates live-streaming e-commerce functions in WeChat Chinese internet giant Tencent has integrated live streaming functions into its WeChat platform, which has been designed to facilitate e-commerce capabilities, according Weixin (translation provided by KrASIA). The functions on the platform, which has 1.1 billion monthly active users will [...]

• China’s Mobile Game Revenue Predicted to Exceed USD$25bn by 2023

  7 months ago News

  

  That figure – and Niko’s other findings – point to rapid growth in China’s games market, despite state involvement stifling game releases in the country through 2018 and into this year. Niko’s in-depth report points to the fact that China presently accounts for 25% of the world’s mobile games market. As home to 18.4% of the world’s population, China is clearly punching above its significant weight when it comes to mobile. China is currently home to 1.4 billion people. Niko’s figures [...]

• Facebook Sees More Q4 Mobile App Downloads than Any Other Publisher Globally

  10 months ago News

  

  Social Networking giant Facebook saw its mobile app downloaded more times than those of any other publisher globally in the closing months of 2018, according to a new report. The Facebook app was downloaded 800 million times through October to December last year, putting it a significant way ahead of the next best performing publisher, Google, which counted over 650 million downloads through the period. The numbers come from insights by enterprise-level data outfit Sensor Tower, which looked at downloads across both [...]

• Government Freeze on China's Games Market Continues to Thaw – But Is It Enough?

  11 months ago News

  

  More games are to be released in China. Under normal circumstances, that statement would be far from newsworthy. But for nine months in 2018, the world’s largest games market had been significantly stifled by new Government regulation. In March last year, following a restructuring of the state institutions, China’s Government declined to approve a single new video game for release. Many titles were simply stopped in their tracks, while numerous others hand their monetisation potential stifled. Updates and new content, after [...]

• China's Government Ends 9-Month Freeze on New Game Approvals

  11 months ago News

  

  China may be the world’s biggest game market, with regard to user numbers and revenues, but for many months the nation’s Government had declined to approve a single new game. That all changed in recent days. As reported by the South China Morning Post, a new body, the State Administration of Radio and Television (SART), was formed in March 2018, with a view to monitoring media content intended for public consumption. From 28 March 2018, no new game titles were approved [...]

• South Korea Declares Game-Boosting Services Illegal

  12 months ago News

  

  If you’re caught offering ‘boosting’ services to video game players in South Korea, you may now face a USD$17,800 (£14,000) fine, or two-years jail time. Boosting sees less-experienced users of a given game grant accomplished players access to their account for that title. The high-level player then ‘boosts’ the accessed account, deploying their skills to rapidly progress a player-character through a game. ‘Levelling up’ the player account typically opens access to higher levels of game competition, increased powers, and new weapons [...]

• Your App Has Launched, Now How Are You Going to Make Money?

  1 year ago News

  

  Whether your mobile app is ‘just’ another extension of your long-owned and monetised media property, or a brand-new, standalone product that you are launching as a new developer, you have a few immediate choices to make – choices that, while not set in stone forever, will chart the course of your app’s life. Writing exclusively for TheGamingEconomy, Ryoksuke Izumi (pictured below), VP – Japan, Korea, SEA, AdColony, outlines the key considerations for monetising your app. The first is – to be free, [...]

• Fortnite Perfects In-Game Purchases as Yearly Revenue Hits USD$3bn

  2 years ago News

  

  Fortnite is the break-out gaming success of the year. It has currently got 45 million users playing the game (across platforms) and has a run rate of around USD$3bn (£2.3bn) per year. The game has barely touched the sides in terms of growth; and with its Android launch next month, a huge spike in user growth is expected. The freemium gaming model perfected Fortnite’s success has been built on a freemium model. Its ‘Battle Royale’ version is free-to-play across all platforms. Players [...]