China esports market value to hit US$1.9 billion this year

Latest News

China esports market value to hit US$1.9 billion this year

June 27, 2019

The Chinese domestic esports audience is tipped to hit 350 million participants with revenues to reach US$1.9 billion this year, according to a report by Tencent’s Penguin Intelligence.

The revenue figure represents income generated by tournaments, sponsorship, media rights, and money earned by teams and players. Prize pools for some esports competitions in China are hitting more than US$25.5 million.

Commenting on the findings, Wang Xu, Chief Analyst at gaming database Gamma Data Corp. told China Daily "there is still plenty of room for growth in esports players and viewers. With more gaming firms tapping into the esports sector, a growing number of key tournaments have been held by brands in China, and gained huge followings among netizens.”

Major cities in China, including Hainan, Shanghai, Chongqing, Xi’an in Shaanxi and Hangzhou in Zhejiang, are investing in esports infrastructure to encourage the growing industry. Hainan recently announced a one-billion-yuan fund to promote the development of its local esports sector, which will be used to support esports-related firms and to help host tournaments. Shanghai has also announced a desire to be a global esports hub within three-to-five years.

31st May 2019 - New guide explores the future of esports venues

16th May 2019 - Lagardère Sports reveals exclusive agency deal with T1 esports venture

14th April 2019 - Chinese eSports market to grow US$3 billion by 2020

12th March 2019 - Singapore Sports Hub partners with Team Flash to support the growth of esports

19th February 2019 - Telstra to explain rise of esports at SPORTELAsia convention

6th February 2019 - New Hong Kong eSports facility seen as boost for city economy

16th November 2018 - New research shows increasing professionalism in eSports

4th October 2018 - Gfinity partners with Arup to design the world’s most advanced integrated eSports facility

31st May 2018 - New QeSports joint venture looks to exploit fast-growing eSports market

14th May 2018 - eSports executive says Australia can become world-class gaming nation

18th April 2018 - Dubai announces plans to develop dedicated eSports stadium

6th September 2017 - TEG Analytics and TEG Rewards shine light on growth in eSports

28th April 2017 - Asian Games 2022 to feature eSports events

2nd March 2017 - Chinese eSports players generate US$730 million in revenue

13th November 2016 - LeSports Connect to present insights into sports business in China

Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.