China's online gaming market will reach $11.9 billion in 2013, according to a new research report. Changyou.com (NASDAQ:CYOU), a leading online game developer and operator in China, is expected to drive huge revenue from this relatively new and evolving industry in China.
Online gaming is rapidly gaining traction, and is gradually taking over the PC and console gaming segments. IDC China forecasts that the network gaming market in China is poised for tremendous growth in the next five years. Kyle Zhou, senior analyst, Internet and New Media, IDC China, said in a research report:
In 2011, the real sales revenue of China's gaming market amounted to RMB 44.61 billion, increasing 34% compared with the revenue in...
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