China Say No More to Foreign Investment in Their Online Gaming is False?
October 14, 2009 by srfto
Recently there are reports that China officially bans all type of foreign investment in their online gaming industry. That means any foreign joint ventures, enterprises, and cooperatives investing in their gaming industry are all banned. It was also reported by Rueters that China gaming industry itself generates $4 Billion dollars each year and still rising.
Rueters:
China has banned foreign investment into its lucrative online games industry in an effort to tighten control over its virtual worlds.
China’s online gaming market is one of the world’s fastest growing, with sales expected to rise 30 to 50 percent this year to 24 billion yuan to 27 billion yuan ($3.5-4 billion) according to GAPP.
However, before you start looking elsewhere to invest your foreign currency, over at thenextweb reported that the news is just not true and total “BS”.
Thenextweb:
However, as Inside Social Games quotes a Beijing investor correctly: This is a) not a new policy and b) “total BS”
Its just another display of power in the ongoing fight between the Chinese Ministry of Culture who is backing up Think Services “GDC China” event and GAPP which supports the rivaling China GDC event from Howell Expo.
Thenextweb even show you how they publish and operate a game title in China with a neat chart. So I guess basically all this fuss was over nothing..
[Rueters]
[Thenextweb]
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