Breaking Finance News

Number of Chinese Mobile Game Subscribers up 62 Percent Year over Year

A new report from Want China Times says that the mobile gaming industry in China has grown 62.5 percent in just the past year.

According to figures released on July 3 by China’s largest internet company, Tencent, there are now 80,000 registered mobile game developers with registered game applications north of 40,000. Further data shows that most of these games are bring in big profits. The number of games earning at least 100,000 Chinese yuan ($16,300) is up 65 percent year over year.

One game, created by Tencent, Plants vs Zombies, launched in May of last year and has grossed more than $13 million. According to iiMedia, a company that studies the mobile gaming space, total mobile game subscribers reached 286 million last year–up 62.5 percent from 2011 levels. This includes 47.9 million mobile phone subscribers–up 65.7 percent year over year.

And this craze has fueled stock prices. Chinese game maker Ourpalm is up more 200 percent this year alone.

The mobile game market is big in the United States but it isn’t showing the same growth as in China. Industry watchers, however, expect that the market will likely continue to gain strength in the U.S. and around the world as gamers turn their attention to mobile technology and away from traditional computers.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with's FREE daily email newsletter.