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News: China’s online games market to hit $9.2 billion in 2014
Market intelligence firm, Niko Partners, has released some of the findings from its latest report into China's videogames industry, predicting that the online games business in the country will be worth an estimated $9.2 billion in 2014.
That's up from £3.57 billion in 2009 and a predicted $4.5 billion for this calendar year, working on the basis of a compound annual growth rate of 20.9 per cent over the next five years.
"While the global economic downturn hurt videogame publishers in much of the world, China's online game industry reflected no pain in 2009 and gamers continued to embrace online games as the best inexpensive source of social entertainment available," said Lisa Cosmas Hanson, managing partner of Niko Partners.