Domestic gaming market revenue surpassed 300 bln yuan in 2023

On December 25, the National Press and Publication Administration approved 105 new domestic game licenses, breaking the hundred mark for the first time. This follows the approval of a batch of imported online game licenses on December 22. The move is seen as a positive signal for the thriving Chinese online gaming industry.

With this batch, the total number of domestic online game licenses issued in 2023 has reached 977, a 108.76 percent increase from 2022. The domestic gaming market shows signs of recovery, with sales reaching 302.96 billion yuan (US$42.39 billion) in 2023, a 13.95 percent YoY increase, surpassing the 300 billion yuan mark for the first time. The user base reached a record high of 668 million people.