Virtual Goods News

Ending An Extraordinary Year

Tencent plans to release at least three new online games in 2010. There will be A.V.A., a first person shooter, and then a pair of MMORPGs named Feng Shen Ji and Fantasy World. There is no word on plans by Tencent to refresh its QQ Games business, although the company is working toward enhancing mobile revenues by offering better consumer services packages. 

Tencent's $1 billion revenues in 2008 have long been considered an example of how much more mature the Chinese virtual goods market is when compared to the more emergent Western market. Given Tencent's tremendous growth during 2009, the company is well on its way toward increasing that figure by 50%. Totaling up Tencent's Q3 revenue with its earnings from Q1 and Q2 yields a total of roughly $1.3 billion. It seems very likely that Tencent's Q4 numbers will push that total well over $1.5 billion.