Yes, policies such as the "Shanghai Ten Measures," the issuance of over 800 game licenses in the first half of 2025, and the 50 million RMB annual support fund mark the industry's shift from quantitative policy regulation to a quality-driven approach, emphasizing quality, innovation, and cultural export. The stable policy supply encourages companies to focus on high-quality development. Large companies are restricted in their "broad net-casting" strategies and are shifting toward high-investment, long-cycle projects and overseas expansion; meanwhile, small and medium-sized teams benefit from support funds and incubation assistance, expanding their survival space, though competition increasingly centers on quality.
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How long will short-term esports price volatility last? (E.g., CS:GO skins crashed 20% in May 2025; may persist 1-2 quarters.)
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Happy 1st anniversary of Ming Chao!
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