CNN reports that China has a more advanced virtual economy than the US. From the article:
” China has many more developers of online games and services than in the United States, a factor industry watchers say has encouraged competition and innovation. The crowded field, however, have fought to turn profits. Selling virtual goods, so far, has yielded the most success.”
Informa Telecom & Media conducted an excellent report that examines growth rates and types of activities on mobile social networks in China.
” Social networking is expected to drive the data business and Chinese operators are learning fast about how much consumers are willing to pay.”
Additional analysis of the report from a social gaming perspective from ZDNet Asia