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Market value of online games to reach US$1b
(Xinhua)
Updated: 2006-01-12 11:45 A report said here Wednesday
that the market value of online games in China will reach 8.03 billion
yuan(about one billion US dollars) this year, with the global revenue at 5.6
billion US dollars.
The report was made by the Chinese Academy of Social Sciences to summarize
the cultural industry in China. It said great changes will take place in the
global entertainment sector in the next five years, in which games will take up
71 percent in market proportion. Online games will play a major role in this
tide, withan annual growth rate of more than 100 percent.
The report indicated that online games rose as a pioneer in the Chinese
internet industry over recent years with the fast growth of information and
telecommunication technology.
By the end of June 30 last year, Chinese internet users exceeded 100 million.
The surging demand for culture and entertainment constitutes a major driver
of the cultural industry in China and the fast advancement of science and
technology also ensures the rapid progress in the cultural sector, the report
said.
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