Tencent Virtual Goods Revenues Continue to Grow in Q1 2009

While virtual goods draw around $200 million in the United States, the overall value is dwarfed by the Asian market, which is 25 times larger at $5 billion. And of course, of the most successful Asian companies monetizing through virtual goods transactions is Tencent. This publicly-traded Chinese company has been pulling in millions despite the global recession. Its last statement put total revenues at $366.4 million for Q1 of 2009.