PitchBook：2025年新兴科技研究：新兴市场游戏产业风险投资动态报告（英文版）

Emerging markets have become the incremental growth engine for gaming: Their revenue share climbed from around 4% in 2010 to nearly 15% today, while VC funding across five tracked regions reached $2.3 billion in 2025 YTD even as deal counts stayed roughly flat, at about 150 rounds in 2017 versus 150-200 in 2024-2025. • East Asia remains the anchor, offering scale with system risk: China is now at revenue parity with the US, each earning about $50 billion, exporting hit IP (for example, Black