• Newzoo: Esports could hit 380 million fans and $906 million in revenues in 2018

    9 monthes ago - By Venture Beat

    Global esports revenues will grow 38 percent to $906 million in 2018 and further grow to $1.65 billion by 2021, according to a new annual report on esports by market researcher Newzoo. North America will account for 38 percent of the 2018 revenue, or $345 million, while China will be 18 percent, or $164 million.
    Esports will continue to be smaller in revenues than traditional sports, but it is rapidly gaining in terms of numbers of spectators. Once those spectators start spending like traditional sports fans, then advertisers will shift more money to esports and the industry will continue...
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  • North Korea falls into $1.7 billion trade deficit with China - but something mysterious is keeping it afloat

    North Korea falls into $1.7 billion trade deficit with China - but something mysterious is keeping it afloat

    9 monthes ago - By Business Insider

    New economic data shows North Korea operating at a $1.7 billion trade deficit with China.
    It somehow always operates at deficit, suggesting some hidden commerce.
    North Korea is under the heaviest sanctions on earth, so its trade is fiercely monitored, but it still manages to make money.
    China may be lying about how much it trades with North Korea, or North Korea's hacking activities in the crypto markets may be paying off.
    New economic data shows North Korea buying more and selling less to its biggest trade partner, China - and it likely indicates that a US-led wave of sanctions are...
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