Friday, April 01, 2005

IDC Predicts 34.7 pct Annual Growth Rate Till 2009 for China's Online Game Market

From AFX News on Yahoo! Finance: China's online game market to see 34.7 pct annual growth rate till 2009 - IDC

"China's fast-growing online game market is expected to see an annual compound growth rate of 34.7 pct till 2009, IDC said in a research note."

"Government figures showed that China's online game market recorded a total revenue of 2.47 bln yuan ($ 300 mln) last year, up 34.7 pct over the previous year.The research note said telecom operators, who provide Internet access services to game players, booked a revenue of 15.07 bln yuan from the online game business. Among the top 10 most popular online games last year, Shanda Interactive Entertainment Ltd (NASDAQ: SNDA - news), grab two chairs - number one and number three. Another Nasdaq-listed company Netease.com Inc saw three of its games on the top 10 list while Sina.com, in which Shanda has a 19.5 pct stake, also had a position."

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