China's Increasing Esport Revenue 2024
China has always been innovative in its Esports development, fortunately for them. In 2024 their Esport Industry waved a substantial $3 billion USD.
NEWS
Esport Insider
12/17/20241 min read
China’s Esports Industry Revenue Approaches £3 Billion
On December 11, 2024, the Electronic Sports Committee of the China Audio-Video and Digital Publishing Association (ESC) released the2024 China Esports Industry Reportduring the annual conference in Beijing. The report reveals a robust performance in the esports sector, with total revenues reaching27.568 billion RMB(approximately£2.97 billion), reflecting a 4.62% increasecompared to the previous year.**** Key Insights from the Report:
Revenue Composition: The bulk of revenue is derived from live streaming of esports content, which constitutes 80.84% of total earnings. Event revenues and esports club revenues each contribute 8.75%, while other income sources account for 4.04%.
User Base Trends: The esports audience in China remains steady at around 490 million users, showing a slight growth of 0.42%. This trend suggests that the market is reaching saturation, indicating future growth may rely more on user engagement rather than just increasing numbers.
Popular Game Genres: Shooter games lead the market with a share of 26.1%, followed by Multiplayer Online Battle Arena (MOBA) games at 15.2%, and sports simulation games at 12.0%. Mobile gaming is particularly dominant, capturing a substantial 57.6% of the market compared to client-based games at just 26.1%.
Event Statistics: A total of 124 competitive esports events were held across various levels in the country, with 58% being fully offline events. This represents a slight decline from the previous year's total of 127 events.
International Engagement and Collaborations: The report highlights an increase in international esports events hosted in China, including significant tournaments like the 2024 League of Legends Mid-Season Invitational and the CS2 Shanghai Major. Additionally, strategic partnerships involving organizations such as China Media Group and VSPO are expected to further enhance the growth of esports in the region.
Cited From
https://esportsinsider.com/2024/12/china-esports-industry-report-2024
https://www.grandviewresearch.com/horizon/outlook/esports-market/china
https://www.statista.com/statistics/1535384/china-non-game-revenue-of-e-sports-sector/