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China is already one of the biggest game developers in the world, producing some of the most popular games ranging PUBG, Genshin Impact, and Mobile Legends.
As of December 2020, China's overseas gaming revenue crossed US $15.5 billion for the first time, according to a report co-published by the Game Publishers Association Publications Committee, the China Game Industry Research Institute, and Gamma Data.
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The report also adds that overseas gaming revenue has grown by 33.3% year-on-year, and has been the highest since 2016.
Both the United States and Japan have been the biggest markets outside China for games, each contributing approximately a quarter of total revenues.
In China, the domestic gaming industry has crossed $42.6 billion, growing 20.7% from the previous year.
Most of the growth this year was mainly attributed to the COVID-19 pandemic, with over 75% of revenues coming from mobile games.
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