China’s esports industry worth US$27.36bn, report says
A report by Huya Inc and the Communication University of China reveals that the esports industry in China will continue growing in forthcoming years.
China.- Huya Inc, a live broadcast company, and the Communication University of China has issued a report analysing the esports industry in China. They estimate that the sector will have grown by 130.8 per cent this year, reaching a value of CNY173.6bn (US$27.36bn).
The report predicts that esports will grow further in the next few years and that more esports-related policies and regulations will be introduced, providing unprecedented opportunities for the industry’s ecosystem. However, problems such as the unbalanced development of esports enterprises, lack of core technology, and insufficient copyright awareness need to be resolved urgently, the report says.
According to Global Times, Li Meng, Senior Vice President of Huya, said that the esports industry is playing an increasingly significant role in shaping the image of China’s esports hub and added it will boost the development of the digital economy.
Earlier this year, China imposed strict restrictions on young people’s gaming activities, effectively providing them with a total of three hours of video game time per week.
