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TikTok owner ByteDance now eyeing lucrative gaming market

TikTok owner ByteDance now eyeing lucrative gaming market

China-based ByteDance, the company that owns TikTok, is poised to enter the lucrative gaming market with ’Nuversegame’ brand. China is the world’s largest gaming market ahead of the US. However, it faces the biggest challenge from Tencent, another Chinese company, which leads the gaming market in China. The Chinese gaming market generated $40.85 billion in revenues last year.

pennydreadful
pennydreadful
filthynice 88
filthynice 88 0 months

$40 billion?? I don't think that's correct considering that profit from micro-transactions in free games in 2017's final two quarters and 2018's first quarter for just tencent was an estimated $800 million with Q2 of 2018 showing exponential growth within a growing and expanding industry... Havent looked at the numbers in awhile since the surge of micro-transaction focused content stresses me out

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