Chinese gamers spent $1.7 billion on online games

(gamesindustry) -- Chinese gamers spent USD 1.7 billion on online games in 2007, up 71 per cent from the prior year, according to market intelligence firm Niko Partners.

The firm expects online revenue to reach USD 2.5 billion this year and USD 6 billion by 2012 - a 29 per cent compound annual growth rate for the five-year period.

"China's spending on games is up thanks to their booming economy," said Lisa Cosmas Hanson, managing partner of Niko Partners. full story