Tencent, the country’s largest online game developer, has signed a framework agreement with the local government of Wuhu, located in east China. According to Mashable, “the planned esports town will have an esports theme park, esports university, cultural and creative park, animation industrial park, a creative neighborhood, a Tencent technology entrepreneurship community, and even a Tencent cloud data center.”
Tencent is also known for its messaging services, WeChat and QQ. The company will bring QQJOY, a convention for QQ’s mobile games, and QGC, a mobile gaming competition, to Wuhu. More than 47 percent of Tencent’s revenue in 2016 came from games, with the company’s gaming revenue posting revenues of nearly $10.2 billion.
The gaming market is huge in China. Approximately 500 million people in the nation play video games with 145 million playing more than one hour per day, according to a 2014 estimate by market research firm Eedar.