China's E-sports Sector On Fast Track To All Around Development
Sumaira FH Published November 19, 2019 | 07:06 PM
China has become the world's most influential e-sports market with the greatest potential amid policy support, a report from Economic Daily said Monday
For the first half of this year, China's e-sports sector saw its sales revenue reach 51.32 billion Yuan (around 7.3 billion U.S. Dollars) with more than 440,000 practitioners in the industry, according to report.
The country boasts over 5,000 operating e-sports teams and an e-sports market size valued at more than 100 billion yuan, according to the report.
After years of development, China's e-sports industry has formed a complete industrial chain from game licensing to content production and dissemination, driving all-around development involving related industries such as contest operation, educational training and proprietary equipment R&D, the report said.
Seeing the potential in the e-sports sector, local departments have rolled out policies to support its development.
Shanghai has offered fiscal, venue and talent support to build the economic hub into an "e-sports capital," while Hainan, an island province in south China, set up a 1 billion yuan fund to establish an international e-sports port.
The booming e-sports market has created a massive talent gap at 500,000 to 1 million at home, according to an industry prediction.
China has officially included e-sports into college majors and added e-sports specialists to the occupation dictionary.
However, compared with European and American countries, China's e-sports industry is still in the Primary stage and faces various problems, the report said, citing industry insiders.
More efforts should be made to ramp up management and support, especially on industry organization, contest systems and rules, it added.
Recent Stories
PTI to stage nationwide protests against alleged electoral frauds
Senate continues discussion on Presidential address to Joint Sitting of Parliame ..
Masood Khan calls for Pak-US cooperation for regional peace
Interior Minister starts Margalla Trail Patrol for security
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
More Stories From World
-
Vietnam National Assembly head resigns amid graft purge
8 minutes ago -
Team from Gaza mediator Egypt heads to Israel: source
28 minutes ago -
Xi tells Blinken US, China should be 'partners, not rivals'
28 minutes ago -
Ukraine agriculture minister freed on bail in corruption case
48 minutes ago -
Vietnam National Assembly head resigns amid graft purge
48 minutes ago -
Calls for mosque demolition weigh on India's Muslim voters
58 minutes ago
-
Chinese shares close higher Friday
58 minutes ago -
China's EV execs bullish on Western pressure at Beijing car show
1 hour ago -
EU toughens rules on fashion retailer Shein
1 hour ago -
Xi meets U.S. secretary of state in Beijing
1 hour ago -
Ukrainian minister detained over suspected corruption: prosecutors
1 hour ago -
Golf: PGA Zurich Classic of New Orleans scores
1 hour ago