The Economic Lessons from the Success of "Black Myth: Wu Kong"

With the robust expansion of the digital economy, the gaming industry, as a pivotal segment, is witnessing growth at an unprecedented rate. The domestic game "Black Myth: Wu Kong" has achieved widespread global attention due to its distinctive cultural allure, sophisticated technical production, and accurate market positioning.This paper aims to conduct an in-depth economic analysis of the economic essence behind the "out-of-circle" phenomenon of "Black Myth: Wu Kong," exploring its commercial value as a cultural intellectual property, the innovative path in the era of the digital economy, the market response amidst the trend of consumption upgrading, and the significance of ecosystem cooperation.Employing a comprehensive analytical approach, this study evaluates the game's performance in the realms of cultural dissemination, technological innovation, market demand, and industry chain construction. The research findings of this article are: (1) "Black Myth: Wu Kong," as a cultural intellectual property, has successfully captivated a global audience by transcending geographical and linguistic barriers through its unique cultural identity and emotional resonance; (2) the game's accomplishments in technological innovation have charted a new course for the gaming industry in the digital economy era; (3) its precise market trend analysis and ecosystem collaboration models offer valuable strategic insights for other industries; (4) the success of the game has not only elevated its commercial value but also catalyzed market consumption upgrades for related hardware devices and peripheral products; (5) the game's popularity has also spurred the rise of the gaming live streaming and esports industries, infusing new vitality into the entire gaming sector. Furthermore, the paper proposes policy recommendations for strengthening industry chain cooperation and optimizing ecosystem dynamics to foster sustainable development within the industry.

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Publication Details

Journal
Frontiers in Business Economics and Management
Published
2024-08-30
DOI
https://doi.org/10.54097/8ktacr13
Primary Topic
China's Socioeconomic Reforms and Governance
Type
article
Field-Weighted Citation Impact
0.00
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article

The Economic Lessons from the Success of "Black Myth: Wu Kong"

Keshun Peng, Meng Zhang
Frontiers in Business Economics and Management
China's Socioeconomic Reforms and Governance
article

The Economic Lessons from the Success of "Black Myth: Wu Kong"

Keshun Peng, Meng Zhang
article en

Abstract

With the robust expansion of the digital economy, the gaming industry, as a pivotal segment, is witnessing growth at an unprecedented rate. The domestic game "Black Myth: Wu Kong" has achieved widespread global attention due to its distinctive cultural allure, sophisticated technical production, and accurate market positioning.This paper aims to conduct an in-depth economic analysis of the economic essence behind the "out-of-circle" phenomenon of "Black Myth: Wu Kong," exploring its commercial value as a cultural intellectual property, the innovative path in the era of the digital economy, the market response amidst the trend of consumption upgrading, and the significance of ecosystem cooperation.Employing a comprehensive analytical approach, this study evaluates the game's performance in the realms of cultural dissemination, technological innovation, market demand, and industry chain construction. The research findings of this article are: (1) "Black Myth: Wu Kong," as a cultural intellectual property, has successfully captivated a global audience by transcending geographical and linguistic barriers through its unique cultural identity and emotional resonance; (2) the game's accomplishments in technological innovation have charted a new course for the gaming industry in the digital economy era; (3) its precise market trend analysis and ecosystem collaboration models offer valuable strategic insights for other industries; (4) the success of the game has not only elevated its commercial value but also catalyzed market consumption upgrades for related hardware devices and peripheral products; (5) the game's popularity has also spurred the rise of the gaming live streaming and esports industries, infusing new vitality into the entire gaming sector. Furthermore, the paper proposes policy recommendations for strengthening industry chain cooperation and optimizing ecosystem dynamics to foster sustainable development within the industry.

Frontiers in Business Economics and ManagementVol. 16(2)
Belarusian National Technical University (BY)
Openalex Percentile: Top 74%
China's Socioeconomic Reforms and Governance
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