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Local groups Tencent and Netease dominate gaming market in China

Chinese gaming companies now dominate their home country, with overseas companies losing out to domestic rivals in the world’s largest video games market as consumers increasingly shift from PCs to mobile phones to play.

Nine of the 10 most popular mobile phone games in China last year were developed by local companies, according to App Annie, a consultancy that ranks titles by number of monthly active players.

Internet giant Tencent led with six titles in the top 10, with gaming contributing more than half of the company’s revenues last year. The company’s efforts were led by battle game Honour of Kings, the world’s most lucrative title last year.

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