×
You will be redirected back to your article in seconds

Valve And Perfect World Are Bringing Steam To China

Valve is officially bringing Steam to China with the help of game and movie company Perfect World, it announced Monday.

Steam China will extend a partnership between the two companies that began in 2012. Perfect World subsidiaries currently operate some of Valve’s online titles in China, including “DOTA 2” and “Counter-Strike: Global Offensive.” Perfect World and Valve will work closely on Steam China, actively promoting its launch, marketing, and game lineup. Valve said no changes are planned for Steam’s existing worldwide operations and service due to this announcement.

China is currently the world’s biggest video games market, valued at more than $25 billion in 2016, according to a report from IHS Markit. It reportedly represents a quarter of all money generated by video games worldwide. Most of the country’s spending (51%) comes from the PC market. Microtransactions accounted for 88% of PC revenues in 2016, with a majority of that money (59%) going to tech giant Tencent, who owns and operates popular online titles “League of Legends” and “Crossfire.” Steam, meanwhile, is one of the world’s largest digital distribution platforms on PC, offering over 20,000 games to people around the world.

Perfect World CEO Robert H. Xiao said in a press release his company will introduce more games to the Chinese market through Steam China, providing quality content and improving the experience for both gamers and developers. It’s known for its massively multiplayer online role-playing games (MMORPGs) like “Legend of Martial Arts,” “Swordsman Online,” and the eponymous “Perfect World.”

There’s no word yet on when Steam China will launch.

More Gaming

  • Former Legendary Entertainment EVP Joins Gaming

    Former Legendary Entertainment EVP Joins Gaming Company Wonder

    Former Legendary Entertainment EVP Matthieu Coppet has joined gaming startup Wonder as its new Chief Strategy Officer. Coppet previously spent 10 years as the Global Media Strategist at UBS working on forward-looking trends and strategies for the entertainment industry in general. “I remember the feeling when I joined Legendary, and the opportunity to build a [...]

  • Reggie Fils-Aime: Nintendo Switch Games Performing

    Reggie Fils-Aime: Nintendo Switch Games Performing at ‘Historic Levels’

    Software sales for the Nintendo Switch are performing at “historic levels” with the release of the company’s fall lineup, Nintendo of America president and COO Reggie Fils-Aime told Forbes, citing “Pokémon: Let’s Go, Pikachu!,” “Let’s Go, Eevee!” and “Super Smash Bros. Ultimate” as well as a big boost from holiday sales as the reason behind [...]

  • PlayStation Store Kicks Off Five Weeks

    PlayStation Store Kicks Off Five Weeks of Savings Sale

    The PlayStation Store’s Holiday Sale is hosting five weeks of special deals on PlayStation titles running through the new year. PlayStation owners can now peruse a lengthy lineup of games going on sale for the holidays, like “Hitman 2,” the “Spyro + Crash Remastered Game Bundle,” “Grand Theft Auto V,” and a smattering of others. [...]

  • Dallas Fuel to Host Overwatch League's

    Dallas Fuel to Host Overwatch League's First Home Games

    The Dallas Fuel will be the first Overwatch League team to host home games during the 2019 season, the Overwatch League announced on Wednesday. It will be the first time in the esports organization’s history that regular season matches will be played anywhere other than the Blizzard Arena in Los Angeles. Dallas Fuel’s first-ever home [...]

  • Epic Games to Offer Cross-Platform Game

    Epic Games Giving Away 'Fortnite's' Cross-Platform Services to Devs

    Epic Games is launching a large set of cross-platform game services throughout 2019 for other developers to use for free, it announced in a blog post on Wednesday. It originally built the services for its popular battle royale title “Fortnite,” which has over 200 million players across seven platforms. They will be operated in a [...]

  • Starbreeze To Focus on 'Core Business'

    Starbreeze To Focus on 'Core Business' Following Reconstruction

    Troubled company Starbreeze AB said on Wednesday it wants to concentrate its operational and financial resources on its core business: internal game development and publishing. ”We’re now focusing the business towards a portfolio consisting of a mix of internally developed games and publishing titles. We are humble for the task at hand, but our aim [...]

  • Pearl Abyss Opens First North American

    Pearl Abyss Opens First North American Office in California

    Pearl Abyss, the Korean developer behind the massively multiplayer online role-playing game “Black Desert Online,” is expanding its operations and opening its first North American office, it announced on Wednesday. The new office is located in Manhattan Beach, Calif. Although multiple cities were considered over a six-month period, Pearl Abyss said it ultimately chose Onni [...]

More From Our Brands

Access exclusive content