China online gaming tracker - May 2026

研报英文原文证据摘录

China online gaming tracker - May 2026

Deutsche Bank

Research

Asia Industry Date

China 25 June 2026

China Internet

Technology Industry Update

Software & Services

Leo Chiang, CFA

Sensor Tower May data Research Analyst

May 2026 Sensor Tower data indicates on track performance from Chinese +852-220-36240

publishers, with 38 ranking among the top 100 global mobile game earners. These

publishers collectively generated US$2.29bn, marking a 13% YoY increase. The

combined quarter-to-date (QTD) revenue for 2Q reached US$4.54bn, also up 13%

YoY.

Tencent – May performance remains on track

Tencent solidified its mobile gaming leadership in March, securing 9 positions

within the top 20 global ranking (an increase from 8 in April). Notably, "DNF Mobile"

saw its monthly revenue surge by 141% MoM, driven by successful 2nd-

anniversary promotion activities on May 20th. This propelled the title to 8th place

on the revenue ranking, up from 19th in April. "Roco Kingdom: World" also

maintained its popularity, holding a top 20 position for three consecutive months

since its March launch. Overall, we project a 10.5% YoY increase for Tencent's 2Q

domestic gaming revenue.

NetEase: May ranking slip slightly; eyes on "Sea of Remnants" in 3Q

NetEase's representation in the top 20 mobile game rankings decreased to 2 spots

in May, down from 3 in April. While "Fantasy Westward Journey Mobile" and "Eggy

Party" maintained strong performance, "Identity V" fell out of the top 20 for the

month. Despite this, NetEase is looking towards "Sea of Remnants" in 3Q. We

model a +7% YoY increase for NetEase's 2Q gaming revenue.

NPPA approves 158 games in May, maintaining steady pace

China's National Press and Publication Administration (NPPA) approved 158 game