Analyst: China's online game revenues to reach $11 billion by 2012
by Griffin McElroy 
on Dec 8th 2009 10:00AM
According to a report recently published by typographically-challenged research firm Analysys, revenues from China's online gaming industry
will reach 73.1 billion yuan ($10.7 billion) within three years. If you're one of those people who have a hard time telling whether numbers are
large, let us assure you that this one is very large indeed. As a point of reference, the
entire U.S. gaming industry
pulled in $11.7 billion in revenues last year.
The report expects online gaming revenues for the nation to reach $3.8 billion this year -- however, it also estimates MMO market penetration to only be at 27 percent, a number it expects will increase as internet access becomes more readily available to Chinese citizens. Of course, all the internet access in the world won't bolster online gaming revenues if all the good ones keep getting
shut down for no reason whatsoever.
