China Sees Explosion in Online and Mobile Gaming (ZNGA)

Gaming revenue in China exploded in 2012, soaring 35.8 percent according to data from the Shanghai Press and the Publication Administration. Overall online gaming revenue totaled 19 billion Yuan or $3 billion U.S. dollars. The bullish data is likely to make struggling U.S. game developer Zynga (Nasdaq: ZNGA) green with envy. Zynga's revenue is expected to total $1.1 billion in 2012. Reports also say China online and mobile game exports are increasing.

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