CNBC reported that China remained the world’s largest eSports market in 2021, with a 14% year-on-year growth and US $403.1 million worth of revenue. How did it happen?
The regulations aren’t there to bring down the gaming industry but to protect China’s youth. The country’s government has already invested in eSports and other game-related initiatives, which is why gaming is still growing despite the restrictions.
Additionally, China’s gamers are becoming more willing to spend on games and related products like game streaming services, tournaments, and mobile payments. There are possibilities of more China gaming regulations in 2023, but those changes likely won’t have a negative impact.
Developers, therefore, still have plenty of opportunities, provided that they follow the regulations.