Tag: tencent

Mobile gaming revenue is exploding in China

| September 11, 2015

Mobile games are becoming much more popular throughout China

Mobile games are exploding in China. The country is now home to one of the largest mobile markets in the world, largely due to the increase smartphone penetration and the expansion of mobile networks throughout the country. Niko Partners, a leading research firm, has released its latest report concerning the growth of mobile gaming in China. According to the report, China is on track to outpace the United States when it comes to mobile gaming revenue.

Mobile gaming revenue in China to hit $5.5 billion by the end of this year

The report shows that China’s mobile gaming revenue will reach $5.5 billion by the end of this year. This represents a 66% increase over the revenue that was reported in 2014. Global mobile gaming revenue is expected to be approximately $30 billion, with China accounting for a significant portion of that revenue as its gaming space begins to expand. By the end of this year, China is expected to be home to more than 420 million gamers that use their mobile devices to play the games they like.

The US is beginning to fall behind when it comes to mobile games

China Mobile Gaming RevenueThe United States has been one of the countries leading the way in mobile gaming revenue for several years. Now, however, China is beginning to outpace the country, largely due to the number of mobile games that have been released in the country. The Chinese gaming market is currently dominated by Tencent, which owns the massively popular WeChat application. Other companies have found success in the market as well, where consumers are showing favor for playing convenient games while commuting.

China’s mobile gaming revenue to hit $11.1 billion by 2019

According to the report from Niko Partners, China’s mobile gaming revenue is expected to swell to $11.1 billion by 2019. As developers bring more games to the country and mobile networks continue to expand, more consumers are expected to spend money on these games. Consumers have shown that they are very willing to spend money on mobile games they enjoy, though doing so has been considered a controversial practice in other parts of the world.

Alibaba continues to dominate mobile commerce

| June 4, 2015

Alibaba’s Alipay platform is growing aggressively in the mobile commerce space

Alibaba continues to find success in the mobile payments field. The company’s Alipay platform has become a resounding success in China, where more consumers are participating in mobile commerce. The rise in mobile shopping has to do with growing smartphone penetration. More consumers have access to smartphones and tablets than ever before, and these people are using their devices to shop for and purchase products online and in physical stores.

Alipay has more than 270 million monthly active users that participate in mobile commerce

Alipay now has more than 350 million registered users, with 270 million monthly active users. This makes the platform even more successful than PayPal, which boasts of 162 million active users. Alipay was launched in 2004 and saw relatively little support in its earlier years. As mobile commerce began to gain momentum, however, the platform became very successful among consumers. Merchants have flocked to the platform in order to engage mobile consumers more effectively and have managed to find success in doing so.

Tencent struggles to keep up with Alibaba when it comes to mobile payments

Mobile Commerce - AlibabaAlibaba’s mobile payments platform does not exist without competition, of course. Tencent, another of China’s largest companies, also holds a position in the mobile commerce market. The company has been working to establish a stronger foothold in the sector, but has failed to keep up with Alibaba, which has managed to attract the support of several Chinese banks and other major retail organizations.

Mobile commerce still represents a small portion of the commerce space

While mobile commerce is growing quickly, it still represents a relatively small portion of the overall commerce market. As consumers become more comfortable with mobile commerce, they will become more likely to use their mobile devices to purchase products, both online and off. There are still some security concerns when it comes to the mobile commerce space, however, which is slowing its adoption. As mobile payments services become more advanced, these concerns are becoming less of an issue.