Market revenue reached about 18.64 billion yuan (about $ 2.9 billion) last month, up 0.48 percent year-on-year, according to the report released by CNG, an institute of games industry research.
Revenue was also up 3.37% from September, Yonhap News Agency reports.
Foreign sales revenue for mobile games developed in China was about $ 1.6 billion in October, down 1.79% from September.
China’s top 30 mobile game publishers grossed $ 2.16 billion globally in December last year, according to Sensor Tower, a mobile app data analytics company.
The amount represents 29% of the global mobile games market’s total revenue during the period, the company said.
In 2020, the total revenue of the 30 biggest mobile gaming giants grew by 45% year on year, and in contrast, the total payment of mobile gamers on the App Store and Google Play increased by only 27, 8% year on year, reports Xinhua News. agency.
The company attributed the rapid expansion of these mobile game developers to their strategic understanding of the market and product innovation.