Radar · Industry landscape · China
Gaming Landscape of China
1,635 Gaming companies in China, in one picture: who is hiring, who is raising money, who founded them, where they are based, what the news is about and where the research is going. Updated August 2026.
1,635companies tracked
$7.6Bdisclosed funding
8hiring right now
130events · 24 months
≥811,847news articles · 12 months
Who leads Gaming in China
Tracks 1,635 gaming firms in China, highlighting the eight currently hiring and the 164 that have disclosed funding rounds, with top funders including Douyu, Animoca Brands, and Huya.
open roles
Hiring now
ranked by live open roles
- 01
Mechanist5last posted May 2026
- 02
ThinkingData4last posted Apr 2026
- 03
Original Force1last posted Jun 2026
- 04
Yodo11last posted Oct 2025
- 05
NetEase Games1last posted Feb 2026
- 06
Gamecrafters Collective1last posted Mar 2026
- 07
Green Tomato Media Limited1last posted Jun 2026
- 08
MyGamez1last posted Sep 2025
8 companies hiring · 0 posted in the last 30 days
disclosed funding
Most funded
disclosed totals, all rounds
- 01
Douyu$958.5MSeries E · Mar 2018
- 02
Animoca Brands$904.6MSeries C · Nov 2024
- 03
Huya$537MSeries B · Mar 2018
- 04
Shanda Games$472.4MPE · Feb 2018
- 05
CHT$429.2MPost IPO · Mar 2021
- 06
Hero Game$309.8MSeries C · Nov 2015
- 07
Hero Entertainment$288MSeries A · Sep 2016
- 08
Giant Interactive Group$164.3MSeries C · Dec 2017
164 companies with disclosed rounds · $7.6B total
headcount
Largest teams
ranked by tracked headcount
- 01
Perfect World6,061tracked employees
- 02
- 03
37 Interactive Entertainment3,552tracked employees
- 04
huya.com1,521tracked employees
- 05
- 06
Zhongqingbao525tracked employees
- 07
WinKing500tracked employees
- 08
14 companies with headcount data
share of events
Share of voice
share of all tracked sector news events, 24 months
- 01
- 02
NetDragon Websoft Holdings9.0%18 tracked events
- 03
Gamehaus8.5%17 tracked events
- 04
Beijing Code Qiankun Technology6.0%12 tracked events
- 05
- 06
Mindwalk4.0%8 tracked events
- 07
- 08
200 tracked events across 18 companies
articles
In the news
Prism news coverage, last 12 months
- 01
moonton≥49articles in the window
- 02
- 03
- 04
- 05
- 06
Boyaa Interactive≥24articles in the window
- 07
- 08
23 of these companies drew sector coverage in the window
Radar
See all 1,635 Gaming companies in China
Filter by funding, headcount, hiring and location, and export the list.
How the Gaming ecosystem in China grew, 2016–2025
Shows the number of gaming companies founded each year from 2016 to 2025, peaking at 136 in 2020 and dropping to five in 2025.
Companies founded / year
new Gaming companies in China
20162025
peak 136 in 2020
Companies raising / year
with a disclosed round that year
20162025
peak 23 in 2021
Disclosed funding / year
sum of disclosed rounds (USD)
20162025
peak $1.7B in 2018
Where Gaming companies in China are based
Hub 01
Hong Kong
231 Gaming companies
24% of the Gaming companies across these hubs
231companies
$360.2Mdisclosed funding
1hiring now
generated artwork
Hub 02
Beijing
205 Gaming companies
21% of the Gaming companies across these hubs
205companies
$1Bdisclosed funding
1hiring now
Hub 03
Shanghai
194 Gaming companies
20% of the Gaming companies across these hubs
194companies
$1.5Bdisclosed funding
1hiring now
Hub 04
Shenzhen
120 Gaming companies
12% of the Gaming companies across these hubs
120companies
$256.1Mdisclosed funding
Hub 05
Guangzhou
67 Gaming companies
7% of the Gaming companies across these hubs
67companies
$811Mdisclosed funding
1hiring now
Hub 06
Kowloon
56 Gaming companies
6% of the Gaming companies across these hubs
56companies
$904.6Mdisclosed funding
Hub 07
Chengdu
52 Gaming companies
5% of the Gaming companies across these hubs
52companies
$38.2Mdisclosed funding
Hub 08
Hangzhou
40 Gaming companies
4% of the Gaming companies across these hubs
40companies
$5Mdisclosed funding
The Gaming market map of China: what these companies actually do
Breaks down product sub‑categories, noting 1,195 consumer digital firms and 653 mobile game developers, and identifies advertising, subscription and transaction commissions as the most common revenue models.
- Consumer Digital1,195 companies · $6B raised · 3 hiring
- Mobile Game Developers653 companies · $3.1B raised · 4 hiring
- Casual Game Developers546 companies · $901.4M raised · 3 hiring
- Enterprise Tech208 companies · $2.7B raised · 4 hiring
- Online Gaming Platforms144 companies · $340.5M raised
- Pc and Console Game Developers121 companies · $1.6B raised · 1 hiring
- Mobile Game Publishers74 companies · $300M raised · 2 hiring
- Spatial Computing71 companies · $1.6B raised · 1 hiring
- Blockchain67 companies · $1.1B raised
- Blockchain in Gaming67 companies · $1.1B raised
- Enterprise Software62 companies · $457.2M raised · 4 hiring
- Web 3.061 companies · $1.1B raised
Monetization
How Gaming companies make money
How many companies earn revenue each way. Plenty use more than one model, so the counts add up to more than the sector.
Advertising1,024
Subscription900
Commission on Transaction791
E-Commerce - Product782
E-Commerce - Service529
Sponsorship174
Fee-For-Service136
Physical Commerce45
Funding, M&A and the deals moving Gaming in China
Counts 130 corporate events over the past two years, including 64 earnings releases, 24 mergers and acquisitions, 18 key‑person moves, seven IPOs and four buybacks.
Earnings 64M&A 24Leadership 18IPO 7Buyback 4Announcement 3Layoffs 2Funding 2Regulatory 2Jobs 2
- IPOWinking Studios Ltd on Thursday revealed its intention to list on London's AIM market in a bid to expand the firms global presence.2026-04-15
- FundingPANews reported on April 9th that ZQGame announced the completion of a $200 million Series B financing round, bringing its post-investment valuation to over 10 billion RMB. This round was led by Henan Investment Group Huirong Fund, with Luxshare Precision as a co-lead investor. Other participants included Zhongchuangzhi Strategic Investor, Cornerstone Capital, Longgang Financial Holdings, Jingu Capital, Caitong Capital, Duolun Technology Strategic Investor, Energy Conservation Capital, Hardcore Nuts Capital, Beijing Changfa Development Fund, Quansheng Venture Capital, and STAR SINO. Existing shareholders Huangpujiang Capital, Yinbai Investment, Xinghang Capital, Xingyuan Capital, Caixin Capital, Huiqin Capital, and Puchao Capital continued to invest.2026-04-09
- M&ASavvy Games has acquired Mobile Legends developer Moonton from TikTok owner ByteDance for $6 billion.2026-03-23
- M&AMattel, the global play and family entertainment company behind brands like Barbie, Hot Wheels, and UNO, has struck a deal with its joint venture partner NetEase to acquire full ownership of Mattel163, its mobile games studio.2026-02-19
- IPOSandbox Network officially appointed Korea Investment & Securities as its lead underwriter and will pursue a KOSDAQ IPO in 2026.2026-01-29
- M&AGamehaus Inc., a competitive mobile game publisher, on its business combination with Golden Star Acquisition Corporation, with an estimate post-combination enterprise value of US$500 million2025-12-18
- M&AOakley Capital has signed an agreement for the acquisition of a majority shareholding in the NOX shareholding.2025-10-14
- M&AIn 2016, Splash Damage was acquired by the Chinese poultry firm Leyou, which had previously bought a majority stake in Warframe developer Digital Extremes.2025-09-25
- IPOEQT AB (EQBBF) is weighing a U.S. initial public coffering of waste management business Reworld that could raise at least $1B in a listing, Bloomberg’s Swetha Gopinath reports.2025-09-17
- M&AThe Argentine Fintech Cocos has just taken a step in its expansion: it bought 100% of the Bank Voii.2025-08-07
Mergers and acquisitions
Deals from the last 24 months where a Gaming company in China was the buyer or the one bought, newest first. “Undisclosed” means the price was never published — not that the deal was worth nothing.
| Acquirer | Target | Deal value | Status | Date |
|---|---|---|---|---|
| undisclosed | Announced | 2026-04-17 | ||
| $4B | Completed | 2026-03-24 | ||
| $159M | Announced | 2026-03-02 | ||
| MultiMetaVerse Holdings Ltd. | undisclosed | Announced | 2026-01-12 | |
| $500M | Completed | 2025-12-18 | ||
| undisclosed | Pending | 2025-10-14 |
Who is listing, hiring leaders, launching and winning work
Provides details on IPO filings, leadership changes, product launches and contract wins for companies in the sector.
IPO pipeline
5 companies listed or filing · last 24 months
Zhuhai Sandbox NetworkIPO · KOSDAQ · 1 reportJan 2026
Leadership moves
7 tracked people moves · last 12 months
Kuro GamesJay Kim · Appointment → General Manager of KoreaJan 2026
Workforce actions
3 companies cutting roles · last 24 months
The Sandboxscale undisclosed · AI advancementsAug 2025
Earnings pulse
companies reporting results · last 24 months
12 companies reporting62 company-quarters trackedbeat 3miss 2in line 0
Half of these companies grew revenue faster than +3.0%, half slower.
Who is building Gaming in China
Profiles 393 founders and CEOs across 315 firms, noting Tsinghua University as the most common alma mater and McKinsey and Amazon as frequent prior employers.
Founders and chief executives12 of 393, from the best-funded companies on this page
Founder Shenzhen Zhangmenren Network Technology. Shandong Youth University of Political Science 2007
Founder & CEO Shanghai Tianyou Software, Shengqu Games.
repeat founder
CEO Pixowl, Animoca Brands, ex- Founder Wixi.com, ipercast, Eurogroup Consulting France. Paris Dauphine University 2000
Ex- Mobike, Uber, Cognitive AI Technologies, Amazon. Yale University
Liaocheng University 2009, Nanjing University 2011
Founder 51.com, 2345.com. Ningbo University BEc, Yangtze River Business College
Ex-Co-Founder Kazoo Technology, Yahoo!. The University of British Columbia BASc 2004, The Hong Kong University of Science and Technology MS 2006
Sinovation Ventures, Co-Founder ChiNext 300144, ex-New Horizon Capital, Mitsubishi Capital Asia Pacific. Olin Business School 2004
Co-Founder Dogi.io, Downjoy, ex-Zero2IPO Group. Hunan University BE 2002
Where the founders studied
alma mater on record for 25 of 393 founders
Tsinghua University3
The University of British Columbia2
Hong Kong University of Science and Technology (HKUST)2
Cornell University2
University of Toronto1
National University of Singapore (NUS)1
INSEAD1
University of Pennsylvania1
Where they worked before
a previous employer on record for 13 of 393 founders
McKinsey4
Amazon4
Microsoft2
Morgan Stanley1
Google1
Bain1
Boston Consulting Group1
Radar
Look up the people behind Gaming companies in China
Search founders, executives and operators by company, role and location.
Who funds Gaming in China
Records 235 funding rounds since 2016 from 392 investors, with a typical round size of about $10 million.
| Investor · most active investors since 2016 | Rounds | Led | Latest |
|---|---|---|---|
| Tencent | 13 | 9 | May 2021 |
| Animoca Brands | 11 | 9 | Nov 2025 |
| Liberty City Ventures | 7 | 4 | Sep 2023 |
| TGV | 7 | 1 | Jun 2024 |
| Kingsway Capital | 6 | 3 | Jun 2024 |
| Temasek | 5 | 4 | Nov 2022 |
| GGV Capital | 4 | 4 | Sep 2022 |
| Sequoia Capital | 4 | 3 | Nov 2021 |
| Gaorong Capital | 4 | 2 | Aug 2018 |
| OKX | 4 | 1 | Nov 2024 |
Stage mix · rounds since 2016
Seed & Angel76
Series A–B92
Series C+ / PE27
Grants, debt & other40
The typical round is $10M — half were bigger, half smaller.
The biggest Gaming funding rounds in China
Highlights the largest disclosed round—Douyu’s $632.5 million Series E—and lists ten other large recent funding events.
| Company | Round | Size | When | Backers |
|---|---|---|---|---|
| Series Emega-round | $632.5M | Mar 2018 | Tencent | |
| Series Bmega-round | $462M | Mar 2018 | Tencent | |
| Series Cmega-round | $360M | Jan 2022 | Liberty City Ventures, P.D. Soros, Mirae Asset +13 more | |
| Series Cmega-round | $297.3M | Nov 2015 | Huayi Brothers Media Group | |
| Series Amega-round | $288M | Sep 2016 | Huayi Brothers Media Group | |
| Series C | $226M | Aug 2016 | Tencent, Phoenix Capital | |
| Series C | $124M | Dec 2017 | — | |
| Series C | $110M | Aug 2022 | Temasek, Boyu Capital, GGV Capital +2 more | |
| Series C | $100M | Mar 2008 | Temasek | |
| Series B | $100M | Sep 2012 | Beijing Enlight Media |
Venture round sizes · 2023–2025
<$1M0
$1–10M10
$10–50M9
$50–250M1
>$250M0
20 venture rounds with a disclosed amount in the window.
What the news says about Gaming in China
Indexes 811,847 news articles from the last year, most often covering geopolitical disputes and political entities, with frequent mentions of countries, sustainable city planning and robotics.
News volume
Gaming coverage across China · articles per quarter
2021Q22026Q1
peak ≥315,153 in 2025Q3 · ≥811,847 articles in the last 12 tracked months
Tone of coverage
share of articles by dominant sentiment (positive / neutral / negative)
202120232025
Positive-tone share moved 46% → 49%, negative 45% → 34% across 2021–2025.
What the coverage is about
The subjects that dominate Gaming news in China. The arrow shows whether each one is being written about more or less than a year ago.
- Geopolitical disputes and contested areas≥300,494▲+33%
- International and transnational geographic entities≥300,487▲+33%
- Administrative and political subdivisions≥300,381▲+33%
- International political relations≥137,972→+6%
- Security and defense policies≥88,062▲+20%
- Trade policies and agreements≥87,318→-9%
- International relations and diplomacy≥84,150→-1%
- Government international agreements coordination≥60,144→-10%
- Trade wars and geopolitical impacts≥31,345▼-22%
- Nationalism and sovereignty debates≥31,100→-4%
Most-covered companies · last 12 months
- ≥49
- ≥47
- ≥36
- ≥32
- ≥25
- ≥24
- ≥17
- ≥17
- ≥13
- ≥9
23 Gaming companies here were named in the news over this period.
Prism
Watch Gaming coverage in China as it happens
Prism follows these subjects story by story — which companies are named, what is said about them and how the tone moves.
Momentum
The words getting louder — and quieter
Which terms are showing up in more stories than a year ago, and which are fading. The percentage is the change in how many articles mention them.
countries+128%sustainable city planning+4939%domestic robots+1272%toy robots+1600%summit diplomacy+54%sanctions policies+65%export sanctions+124%wto rulings+201%asian games+2782%stablecoin fx impact+108%
preferential tariff-39%economic slowdown-46%tariff rate quota-34%mfn tariff-36%gold futures trends-41%
The pressures the press keeps returning to
Three recurring angles in China Gaming coverage, and whether each is getting more attention year on year (through 2025).
Regulatory Risk ▲ rising
≥1,169,407 articles touch this dimension · 41.8% critical tone
20212025
signals: territories, disputed islands, tariff negotiations
Funding Momentum ▲ rising
≥122,819 articles touch this dimension · 50.9% critical tone
20212025
signals: inflation reports fx, currency intervention policies, trade deficits fx
Growth ▲ rising
≥384,071 articles touch this dimension · 44.4% critical tone
20212025
signals: gdp growth rate, gdp acceleration, economic output growth
What Gaming research is working on
Counts 7,757 academic papers, of which 318 discuss common problems, 91 issue cautions, and 6,148 explore opportunities.
How this field talks about itself
Gaming papers (gold) against all published research (grey)
Breakthrough42.3% · 26.4%1.6×
Promising36.9% · 37.0%≈ par
Descriptive11.6% · 17.6%0.7×
Problem-identifying4.0% · 9.9%0.4×
Comparative3.9% · 3.7%≈ par
Cautionary1.2% · 4.5%0.3×
Gaming literature runs 1.6× more “breakthrough” than science at large (42.3% vs 26.4% baseline).
How the work is done
Methods-led80.5%
Empirical13.0%
Reviews4.0%
Position pieces1.8%
Theoretical0.6%
How the research reads
97% positive · 3% neutral · 0% negative, across 7,757 papers.
The institutions behind the field
- 1k
- 1k
- 1k
- 828
- 764
- 753
ranked by how often their work is cited
Researchers who shaped it
Pratul P. Srinivasan · Paul Debevec · Tomas Akenine‐Möller · Eric Haines · Naty Hoffman · Hans‐Peter Seidel · Angelo Pesce · Michaƚ Iwanicki
The most-cited breakthroughs
- Rendering synthetic objects into real scenes · 969 cites
- IBRNet: Learning Multi-View Image-Based Rendering · 654 cites
- 4D Gaussian Splatting for Real-Time Dynamic Scene Rendering · 447 cites
- Advances in Neural Rendering · 316 cites
- Deep appearance models for face rendering · 282 cites
Common problems researchers identify301 papers · 6 recurring themes
Problems · theme 01
Game Engine / Video Game Design
61 papers · 20.3% of this block
▼ -4% share2022→2025 share of research on this subject
Game engine · Video game design · Game design · Video game
“Performance Analysis and Optimization Techniques in Unity 3D”
61 of these papers raise it as a problem
Problems · theme 02
Game Engine / Human–Computer Interaction
60 papers · 19.9% of this block
▼ -48% share2022→2025 share of research on this subject
Game engine · Human–computer interaction · Video game development · Game programming
“A framework for game engine selection for gamification and serious games”
60 of these papers raise it as a problem
Problems · theme 03
Rendering / Computer Graphics
59 papers · 19.6% of this block
▼ -17% share2022→2025 share of research on this subject
Rendering · Computer graphics · Real-time rendering · Graphics
“A review of real-time rendering technology based on mobile internet platforms”
59 of these papers raise it as a problem
Problems · theme 04
Rendering / 3D Rendering
55 papers · 18.3% of this block
▲ +15% share2022→2025 share of research on this subject
Rendering · 3D rendering · Image-based modeling and rendering · Real-time rendering
“Real time ray tracing of point-based models”
55 of these papers raise it as a problem
Problems · theme 05
Real-Time Rendering / Rendering
49 papers · 16.3% of this block
Real-time rendering · Rendering · Tiled rendering · Computer graphics
“Real-time Realistic Rendering and Lighting of Forests”
49 of these papers raise it as a problem
Problems · theme 06
Rendering / Subdivision
17 papers · 5.6% of this block
Rendering · Subdivision · Subdivision surface · Color rendering index
“Implicit surface octrees for ray tracing point models”
17 of these papers raise it as a problem
Cautions88 papers · 4 recurring themes
Cautions · theme 01
Rendering / Real-Time Rendering
45 papers · 51.1% of this block
Rendering · Real-time rendering · Computer graphics · Tiled rendering
“Multi-resolution depth-of-field rendering”
45 of these papers raise it as a problem
Cautions · theme 02
Game Engine / Human–Computer Interaction
19 papers · 21.6% of this block
▼ -44% share2022→2025 share of research on this subject
Game engine · Human–computer interaction · Game design · Video game development
“The Investigation on Using Unity3D Game Engine in Urban Design Study”
19 of these papers raise it as a problem
Cautions · theme 03
Virtual Reality / Rendering
16 papers · 18.2% of this block
▲ +26% share2022→2025 share of research on this subject
Virtual reality · Rendering · Perception · Virtual actor
“The Impact of Reflection Approximations on Visual Quality in Virtual Reality”
16 of these papers raise it as a problem
Cautions · theme 04
Ray Tracing / Computer Graphics
8 papers · 9.1% of this block
▲ +34% share2022→2025 share of research on this subject
Ray tracing · Computer graphics · DirectX · Rendering
“Combining Rasterization and Ray Tracing Techniques to Approximate Global Illumination in Real-Time”
8 of these papers raise it as a problem
Opportunities5,636 papers · 7 recurring themes
Opportunities · theme 01
Rendering / Volume Rendering
1,680 papers · 29.8% of this block
▼ -11% share2022→2025 share of research on this subject
Rendering · Volume rendering · Computer graphics · Tiled rendering
“An Improved Method for Volume Rendering”
Opportunities · theme 02
Rendering / Real-Time Rendering
1,093 papers · 19.4% of this block
▲ +5% share2022→2025 share of research on this subject
Rendering · Real-time rendering · Computer graphics · Terrain
“Real-Time Painterly Rendering of Terrains”
Opportunities · theme 03
Game Engine / Video Game Development
983 papers · 17.4% of this block
▲ +2% share2022→2025 share of research on this subject
Game engine · Video game development · Game design · Game programming
“DESIGNING VIRTUAL WORKPLACE USING UNITY 3D GAME ENGINE”
Opportunities · theme 04
Global Illumination / Rendering
660 papers · 11.7% of this block
▼ -28% share2022→2025 share of research on this subject
Global illumination · Rendering · Radiance · Bidirectional reflectance distribution function
“Real-Time Rendering for Multi-Layered Translucent Materials such as Human Skin under Dynamic Environment Lighting”
Opportunities · theme 05
Rendering / Computer Graphics
522 papers · 9.3% of this block
▼ -23% share2022→2025 share of research on this subject
Rendering · Computer graphics · Real-time rendering · Shader
“GPU-Based Volume Rendering Techniques”
Opportunities · theme 06
Virtual Reality / Human–Computer Interaction
464 papers · 8.2% of this block
▲ +8% share2022→2025 share of research on this subject
Virtual reality · Human–computer interaction · Game engine · Augmented reality
“Creating Interactive and Realistic Augmented Reality Experiences”
Opportunities · theme 07
Gaussian / Rendering
234 papers · 4.2% of this block
▲ +93% share2022→2025 share of research on this subject
Gaussian · Rendering · Real-time rendering · Gaussian process
“4D Gaussian Splatting for Real-Time Dynamic Scene Rendering”
Which of these themes are growing fastest
Tracks how the share of research themes changes globally from 2022 to 2025.
Problems
how much more (or less) of the world’s research on this subject each theme took up, 2022→2025
gaining sharelosing share
Rendering / 3D Rendering▲+15%
Game Engine / Video Game Design▼-4%
Rendering / Computer Graphics▼-17%
Game Engine / Human–Computer Interaction▼-48%
Cautions
how much more (or less) of the world’s research on this subject each theme took up, 2022→2025
gaining sharelosing share
Ray Tracing / Computer Graphics▲+34%
Virtual Reality / Rendering▲+26%
Game Engine / Human–Computer Interaction▼-44%
Opportunities
how much more (or less) of the world’s research on this subject each theme took up, 2022→2025
gaining sharelosing share
Gaussian / Rendering▲+93%
Virtual Reality / Human–Computer Interaction▲+8%
Rendering / Real-Time Rendering▲+5%
Game Engine / Video Game Development▲+2%
Rendering / Volume Rendering▼-11%
Rendering / Computer Graphics▼-23%
Global Illumination / Rendering▼-28%
Prism
Go deeper on Gaming research and innovation
Research themes, patent activity and the companies commercialising them, in one place.
Keep going
Track Gaming in China beyond this page
Radar finds and filters the companies. Prism watches what is being said about them.
About this data: built from Fliar's company, founder, funding, hiring, jobs, news and research trackers, covering China. Counts are of companies we track, not of every company that exists. Updated August 2026.
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