China's Richest Bet Billions on Internet Gaming

The Chinese government's recent crackdown on online gaming appears to have done little to dissuade the country's richest people from investing in the industry.

In fact, some of China's wealthiest individuals have been doubling down on their bets, pouring billions of dollars into the sector in recent months.

According to a report from gaming news outlet 36kr, Sun Hongbin, chairman of real estate developer Sunac China, has made the biggest investment in the space so far this year, pledging $5.2 billion to acquire a controlling stake in a major gaming company.

Other notable investors include Alibaba Group Holding Ltd. co-founder Joseph Tsai, who has put $2.5 billion into two different gaming companies, and Wang Sicong, son of Chinese business magnate Wang Jianlin and owner of leading online gaming platform Dalian Wanda Gaming Industry Co. Ltd.

Why are these billionaires so bullish on internet gaming?

For one thing, the sector is growing rapidly in China. The country's online gaming market was worth an estimated $36.9 billion last year and is projected to reach $46.5 billion by 2020, according to research firm iResearch.

In addition, many of these investors are looking to capitalize on the growing trend of mobile gaming in China. The sector is expected to account for more than 60% of all online gaming revenue by 2020, up from 50% last year, according to iResearch.

Finally, many of these investors see online gaming as a way to tap into the burgeoning Chinese consumer market. Chinas middle class is projected to grow from 400 million people today to 600 million by 2020, providing a huge potential audience for gaming companies.

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The Fortunes of China Are Yours for the Taking

China is the world's second-largest economy and has been for a long time. In 2021, it is expected to overtake the United States as the world's largest economy. The fortunes of China are your for the taking.

The following are four reasons why you should invest in China:

1. Economic growth: China has had an average annual economic growth of 6.5% for the past three decades, making it one of the world's fastest-growing economies. This is expected to continue, with an annual growth rate of 6.3% forecast for 2019 and 2020.

2. Low labor costs: Manufacturing in China is much cheaper than in developed countries such as the United States and Japan. Labor costs in China are only around one-tenth of those in America and one-fifth of those in Japan.

3. Rising consumer demand: Chinese consumers are becoming increasingly affluent, with consumer spending forecast to grow by around 8% per year over the next few years. This presents excellent investment opportunities for companies that can meet Chinese consumer demand.

4. Government support: The Chinese government is actively encouraging foreign investment and providing a range of incentives, including tax breaks and subsidies, to help businesses succeed in China.

If you are looking to invest in a fast-growing economy with rising consumer demand, China is the obvious choice. With government support and low labor costs, now is the perfect time to invest in China's booming economy.

Can You Conquer the Fortunes of China?

Once known as the richest and most powerful empire on Earth, China is now a burgeoning economy with a burgeoning middle class. But volatility and risk still lurk in the shadows, waiting to pounce on unsuspecting investors. So, can you conquer the fortunes of China?

Yes, with due caution and some knowledge of how to invest in China, an investor can indeed prosper in today's China. The key lies in understanding some of the basics about how the Chinese economy works and then carefully selecting the right investment vehicles.

First, let's take a look at what has driven the growth of China's economy in recent years. Some of the major factors include:

• A large population that is becoming increasingly affluent
• A shift from an investment-driven to a consumer-driven economy
• Increased integration into the global economy
• A government that is actively promoting economic development

These factors have led to rapid growth in sectors such as retail, construction, transportation, and information technology. However, there are also risks associated with investing in China. These include:

• A highly volatile stock market
• A slowing economy
• Political uncertainty
• Poor corporate governance and transparency

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