Video gaming sector eclipses 70b yuan

The output value of animation and video game companies in Beijing amounted to about 71 billion yuan ($10.08 billion) in 2018, according to the International Forum on the Development of Animation and Games Industries held on July 31. The forum, an important part of the 14th China Beijing International Cultural & Creative Industry Expo, displayed progress in China's animation and video game industries and provided the latest theories and insights on the development of the sectors worldwide, insiders said. The event aims to leverage its brand influence to attract more leading companies from animation and esports industries to develop in Beijing, organizers said.