Despite China’s regulatory crackdown on tech companies, Lisa Hanson of Niko Partners says “Tencent’s silent global quest for gaming domination” continues as it invests in an increasing number of domestic and international gaming companies.
Tencent is the world’s largest games company and continuing to grow organically as well as through investments and acquisitions. As of May 10, 2021, Tencent has closed 51 video game related deals, already more than the 31 game related deals closed in the whole of 2020 and over 5x more the number of game related deals [...]
Tencent (HKG: 0700) will announce CY 2021 Q1 financial results on May 20th. Tencent is the #1 company by games revenue in the world and it has nearly 50% market share of China’s PC & mobile games market, according to Niko Partners. Tencent’s legacy titles continued to perform well in Q1 2021, based on data from [...]
Tencent’s PC Games Revenue is Larger than Reports Reflect 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 [...]
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 [...]
Apple Removes Nearly 60k Chinese Apps from the App Store Between June 10th and June 21st, Apple removed around 58,000 Chinese apps from the App Store. About a third of the games were gaming apps. It has been noted that Apple routinely removes apps every 2-3 months, however, this was a larger mass removal than previous [...]
Tencent's 5-Year Esports Plan Tencent has unveiled their 5-year esports plan for the Chinese market as of last week. The plan revolves around more esports leagues, tournaments, esports associations, and esports-themed industrial parks tentatively with stadiums and training facilities. Their expectation is that China will become the biggest esports market in the world. Niko views esports [...]
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. [...]
Tencent has launched its biggest esports competition for Honor of Kings in 2017, the King Pro League. The 2017 season follows in the footsteps of the 2016 season which was watched by more than 70 million people. Tencent is aiming to build a better esports ecosystem allowing for more teams, more players, increased marketing, celebrity hosts [...]
2022 Asian Games Adds Esports Esports will now be an official medal sport in the 2022 Asian Games in Hangzhou, China. The Olympic Council of Asia has also been working with Alisports to include esports in the Asian Indoor and Martial Arts Games in Turkemnistan and in the 18th Asian Games in Indonesia next year, but [...]
