China government invest heavily in domestic online games

2004/10/18

China government invest heavily in domestic online games

China will invest 1 to 2 billion yuan (US$120.5 to US$241 million) in a program to develop some 100 high quality Chinese-developed online games from 2004 to 2008, according to sources with the Press and Publication Administration of China.

The investment is an attempt to combat the dominance of imported online games, for Chinese games account for only 10 percent of the online computer games in the country. Yu Yongzhan, deputy director of the administration, said that nearly 50 businesses are involved in the program, and projects listed in the program will be given preferential policies in terms of taxation and financing.

China’s online game publications took in 1.32 billion yuan (US$159 million) in 2003, up nearly 50 percent from a year earlier, as online games emerged as a kind of mainstream gaming product, according to Yu.

Chen Tianqiao, president with the Shanda Interactive Entertainment Ltd, China’s largest online game company, said that “holding the intellectual property rights of relevant game software is the core for vying for the future gaming market.”

By the end of this year, 30 online games are expected to hit the market. They include severa l games adapted from classical Chinese literary works, such as Pilgrimage to the West, Canonization of the Gods, and Romance of the Three Kingdoms.

(Xinhua News Agency October 18, 2004), http://service.china.org.cn

Related news

2018
16/03
VIRTUOS PARTNERED WITH ROCKSTAR GAMES TO BRING THE ENHANCED VERSION OF L.A. NOIRE ON SWICH, PLAYSTATION 4, XBOX ONE AND VR
Virtuos is very proud to have partnered with Rockstar Games to bring the enhanced version of L.A. Noire on Swich, Playstation 4 , Xbox One and VR.
2018
16/03
FINAL FANTASY 12 REMASTER AVAILABLE ON STEAM
Virtuos is thrilled to announce that we have partnered with Square Enix to fully remaster Final Fantasy XII: the Zodiac Age, providing a second life for the 2006 PS2 title on PC. Final Fantasy XII: the Zodiac Age is now available on Steam while the PS4 version, also remastered by Virtuos, launched in July 2017.
2017
12/10
FINAL FANTASY XII: THE ZODIAC AGE, FIRST OF THE AAA CONSOLE TITLES REMASTERED BY VIRTUOS RELEASING IN 2017, REACH AN EXCELLENT 87% ON METACRITIC
We at Virtuos are proud to have had the opportunity to participate in the development of Final Fantasy XII: The Zodiac Age, providing a second life for the Playstation 2 classic on the Playstation 4 console.
2017
10/08
''SPOT IT! DUEL '', A DOBBLE GAME CO-DEVELOPED BY VIRTUOS IS AVAILABLE NOW ON IOS AND ANDROID
Virtuos is thrilled to announce that Spot it! Duel-A Dobble Game released globally on iOS and Android.
2017
26/06
E3 2017: STRONGEST E3 TO DATE WITH A LINEUP OF 25 ‘VIRTUOS -GAMES’ INCLUDING FINAL FANTASY XII FULLY REMASTERED BY VIRTUOS
Virtuos is thrilled to announce that we have worked on 25 of the hottest games at E3 this year!
2017
03/05
ELIJAH FREEMAN JOINS VIRTUOS TO EXPAND IN-HOUSE GAME DEVELOPMENT CAPABILITIES
irtuos, a global leader in videogame content production, today announced that 15-year game industry veteran Elijah Freeman has joined its headquarters in Shanghai as Group Development Director