The gaming industry has risen in value over the past few years thanks to advancements in mobile games and the rise of eSports. As we can see in this chart from Statista, Chinese company Tencent has blown by the competition with revenues of $7.4 billion in the first half of 2017.
Tencent has stakes in some of the worlds most popular games, including League of Legends, Call of Duty and World of Warcraft. It has also seen a huge boon from Honor of Kings, the social media based game that had 50 million daily users as of January 2017. It’s the top-grossing mobile game in the world, and after complaints from parents and Chinese media, Tencent introduced limits on how long children could play. With such a massive lead, it’s unlikely American companies or others will be able to catch up to the powerhouse anytime soon.
- Mike Nudelman/Business Insider