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 Asian Games Market Report.
Niko’s Latest Analysis on China’s PC Online Games Market
The China PC Online Games Market Topic Report, the first of 5 companion reports to Niko’s 2017 China Digital Games Market Data Report, is now available. This report can be used by itself, but is intended to be paired with the Market Data Report, in which we published the market size and forecast for PC online, mobile and TV-based games.
Next-Gen Consoles in China
Xbox Project Scorpio announced last week that they will debut in China this year, along with their launch in the US and in European markets. This will mark the first time a major games console launched in China at the same time as its European and American counterparts. Sony also announced last week that the PS4 Pro is set to release in China on June 7th for RMB 2,999 (~$437 USD, currently available in the US for $395 USD). For more information on China’s TV-based gaming market, look for our TV-based Gaming Topic Report to be published in June. The complete digital games market model and forecast, including TV-based games, mobile games and PC online games, was published in April.
PAX Expanding to China
The Penny Arcade Expo is heading to China in the first “Powered by PAX” event. GC Play Powered by PAX will take place November 10th through the 12 at the Poly World Trade Center in Guangzhou, China. The event will be coordinated by the same teams who run the PAX events in Australia and North America. According to Lu Xiaokun, president of the Guangdong Entertainment & Game Industry Association, “The games industry revenue in Guangdong accounts for 73.4% of the national total, and 17.5% of the global total.”
China’s New Cyber Security Law
China will be adopting a law this week that mandates strict data surveillance and storage for firms working in the country. According to Reuters, “The law, passed in November by the country’s largely rubber-stamp parliament, bans online service providers from collecting and selling users’ personal information, and gives users the right to have their information deleted, in cases of abuse.”