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China bans foreign investment in online gaming

Patrick Garratt avatar
News by Patrick Garratt Founder & Publisher (Former)
Published on

wowchina

China's banned all foreign investment into its online games industry in an "effort to tighten control over its virtual worlds," according to Reuters.

According to that piece, "China's video game industry regulator the General Administration of Press and Publication (GAPP) and copyright watchdog issued a circular on Saturday prohibiting foreign investment in domestic online gaming operations through joint ventures, wholly owned enterprises and cooperatives."

Nasty. But maybe not so unsurprising when you consider the market will likely grow between 30-50 percent this year to $3.5-4 billion.

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About the Author
Patrick Garratt avatar

Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.
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