1 Billion in Virtual Sales!

I saw this over on The Casual Connection: NEWS: Chinas TENCENT reports 1 billion in virtual items

NEWS: Chinas TENCENT reports 1 billion in virtual items
China’s TenCent Announces Almost $1B In Virtual Goods Sales For 2008

TenCent reported 2008 annual revenues exceeding $1 billion, an 87% year-over-year increase from 2007 revenues.

$719 million was generated by sales of virtual goods (called “value-added services” by TenCent) to Internet users of the service.

$204 million generated by sales of virtual goods to users in the Mobile category.

Internet virtual goods sales for 2008 represent a 95.5% year-over-year increase from 2007.

What do you think?

Via The Casual Connection: NEWS: Chinas TENCENT reports 1 billion in virtual items.