SportAccord Summit 2024 Logo Unveiled
29 Nov 2023 19:09
Banana E-sports, the e-sports unit of Banana Plan which was founded by Chinese billionaire Wang Jianlin’s son, Wang Sicong, has reportedly raised RMB150 million from investors in Round A fundraising.
According to a report on NewSeed, the investment was led by International Data Group (IDG) and Cultural Assets Digital Investment Capital, a joint venture under China Digital Culture and Beijing Cultural Creative Investment.
The raised money will be used to establish a flagship e-sports event in the second half of 2016 under the brand of Banana named “Best Series,” announced Pei Le, CEO of Banana E-sports. In addition to this event, Banana E-sports will work together with live streaming platforms to build channels, through which the audience will be able to access VOD and live coverage of the to-be-established e-sports competition.
Banana E-sports is an e-sports company under its parent company Banana Plan, which was founded in August 2015.
Source: NewSeed
Proofread by Sean O Diobhilin
Related coverage
China E-sports college education officially launches
05 Jan 2017
Purchase of Chongqing Basketball Club close to an end
15 Jun 2015
Double Group to acquire DeSports at RMB820 million
20 Jul 2015
Major capitals continued to be interested in the Chinese football league
13 Mar 2015
Everbright confirms Liverpool bid
26 Aug 2016
More from Yutang Sports
Yutang Sports
loading...