China

7 09, 2017

China bans ICOs, Apple accepts WeChat Pay, the key to Honor of Kings success

2017-09-11T13:18:48+00:00 September 7th, 2017|Categories: China, eSports, Honor of Kings, Mobile Games, NetEase, Perfect World, Uncategorized|

China bans fundraising through ICOs China has banned and made illegal the practice of raising funds through digital token based initial coin offerings (ICO). The rise of cryptocurrencies has led to $2.2 billion having been raised through ICOs this year alone. Chinese regulators have described initial coin offerings as “a form of unapproved illegal public financing” [...]

24 08, 2017

Niko News: Chinese Overseas Investments Now Restricted

2017-08-24T07:45:11+00:00 August 24th, 2017|Categories: China, VR/AR/MR|

Chinese Overseas Investments Now Restricted China has tightened the reins on external investment to combat rising debt ratios for domestic companies. One of the “restricted” areas is “entertainment." We are not lawyers, but this seems to include digital gaming. We will work with our friends at Pillar Legal to sort out what it really means for [...]

18 08, 2017

China Unicom to Raise $11.7 Billion from Private Firms

2017-08-18T12:49:48+00:00 August 18th, 2017|Categories: China, China Telecom, eSports, NetEase, Taiwan|

China Unicom to Raise $11.7 Billion from Private Firms China Unicom is said to be raising $11.7 billion from investors including the likes of Tencent and Alibaba. China Unicom will be the first of the state-run telecom entities to receive private capital and mixed ownership. China Mobile is still the world's largest mobile phone operator in [...]

31 07, 2017

Tencent’s PC Games Revenue is Larger than Reports Reflect

2017-07-31T21:25:50+00:00 July 31st, 2017|Categories: China, PC Games, Tencent|

According to Tencent’s Q1 2017 financial release dated 17 May 2017, total online games revenue in the first quarter was 22,800 million RMB ($3,360 million). That’s $3 billion in one quarter alone, just from online games! The financial report says that PC client-based games revenue was 14,100 million RMB ($2,070 million) and mobile games revenue was [...]

11 07, 2017

Honor of Kings Restricts Play for Minors

2017-08-14T10:21:18+00:00 July 11th, 2017|Categories: China, Honor of Kings|

The largest games company in the world, Tencent has been making headlines recently due to continued investment in overseas and domestic games companies, its ever-growing market cap, and the hit mobile game Honor of Kings. This July, Tencent introduced restrictions on Honor of Kings players under 12 years old, restricting them to only one hour of [...]

5 06, 2017

Niko News: VNG Plans US IPO

2017-06-05T10:41:20+00:00 June 5th, 2017|Categories: China, Consoles, Niko News, Vietnam|

VNG Plans US IPO VNG Corp has signed a preliminary agreement with Nasdaq Inc to explore an IPO. VNG, founded in 2004, has long been a strong operator in Vietnam. Vietnam, along with Indonesia and Thailand, are three of the countries we recommend watching for the highest revenue and growth potential as of our 2016 Southeast [...]

1 06, 2017

The 2017 China PC Online Games Market Topic Report: trends driving major changes in genres and categories

2017-06-01T08:46:12+00:00 June 1st, 2017|Categories: China, Niko Analysis|

The China PC Online Games Market Topic Report, the 1st of 5 companion reports to Niko’s 2017 China Digital Games Market Data Report, is now available. Key takeaways about the Chinese PC online games market in 2017 include: Despite the rapid ascent of Mobile games and the legal launch of consoles in 2015 after a 14-year [...]

22 05, 2017

China On Track to Phase Out Paper Money

2017-05-31T07:19:50+00:00 May 22nd, 2017|Categories: China, Niko News, Philippines, Xiaomi|

China On Track to Phase Out Paper Money China was the first country to introduce paper money in 740 B.C. and now it is believed that China may be the first country to phase it out completely. According to the article on Motherboard (NSFW), "Pretty much every shop, restaurant and bar accepts WeChat and/or Alipay these [...]

8 05, 2017

China’s Symbiotic PC & Mobile Games Markets

2017-05-12T09:50:05+00:00 May 8th, 2017|Categories: China, Mobile Games, PC Games|Tags: , , |

A notable trend in China’s digital games market is successful PC to mobile game adaptations. What we have seen is that hardcore PC-based MMORPGs, for the most part, have been relaunched as mobile games, and this is a trend that is relevant in 2017. Most of the Top 10 grossing mobile games on the iOS chart [...]

8 05, 2017

Niko News: Overwatch Passes 30 Million Players

2017-05-12T07:02:57+00:00 May 8th, 2017|Categories: Blizzard, China, Conferences, Niko News, Tencent|

Overwatch Passes 30 Million Players Blizzard Entertainment announced this week that Overwatch, its team-based shooter, has passed 30 million players since its launch a year ago. They recently announced hitting the 25 million mark in January. There is no clear delineation on what percentage of these players are on PC or Xbox One or PlayStation 4. [...]