By: Peter Upton
The Chinese government made headlines in February this year when they officially recognized the roles of “esports professionals” and “esports operators” as official job titles in the country. Esports-related majors have also been added to the roster at a number of national colleges.
According to industry reports compiled by esports analyst Newzoo and consultants PwC, China will soon overtake South Korea as the second largest esports market after the US in 2019. The industry is expected to continue to grow at a compound annual rate of 21 percent until 2023.
In 2019, China will account for US$210 million (RMB 862 million) in revenue compared with US$409.1 million (RMB1.6 billion) in the US.