China’s Video Games Sector Reports First Decline in Nearly 20 Years
The video game industry in China has reported a significant decline for the first time in almost two decades. Over the past decade, China’s gaming industry has undergone a stunning transformation, expanding at an astonishing rate and surpassing the United States in market size. The industry has propelledmajor global publishing powerhouses like NetEaseand Tencent to the forefront of the gaming world. This impressive growth was fueled by a rapidly growing population that was quickly gaining internet access and increasing financial power, enabling them to purchase gaming products and services....