Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Chinese real estate conglomerate Dalian Wanda is reported to have launched a bid to acquire the World Cyber Games (WCG), an international e-sports event operated by South Korean company World Cyber Games Inc.
According to earlier reports, Chinese internet giant Tencent has also shown its interest in the event. It supported the video platform Nice TV to battle for the e-sport brand.
Wang Sicong, son of China’s richest man Wang Jianlin, is responsible for this proposed acquisition. Sicong has been busy setting up his e-sport kingdom: investment in e-game companies like HERO Entertainment, ImbaTV, Forgame and Idreamsky; the establishment of a live broadcast platform Panda TV; the setting up of an agency arm, Banana Plan.
The WCG has been sponsored by Samsung Electronics and Microsoft. WCG events have attempted to emulate traditional sporting tournaments, such as the Olympic Games. As of 2011, the World Cyber Games was the largest global electronic sport tournament, with divisions in various countries.
Source: PEdaily
Proofread by Sean O Diobhilin
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
Wanda may hold ironman event in Xi'an
24 Nov 2016
China’s eSports market hits USD 10.1bn in 2017
31 May 2018
Wang Jianlin’s opinion on investing in football
29 Apr 2015
Sina Weibo Partners with the Riot Games on LOL Season 10
21 Aug 2020
Atletico Madrid to open 200 stores in Wanda Malls throughout China
12 Feb 2015
More from Yutang Sports
Wiz-Team provides smart event management system for SportAccord 2024
14 Mar 2024
Discover the SportAccord Summit sessions!
31 Jan 2024
SportAccord calls for the power of sport to lead anti-abuse actions
17 Apr 2024
SportAccord's Interview with Gillian Sanders: Challenges for women in sport
26 Apr 2024
Registration open - SportAccord World Sport & Business Summit
18 Dec 2023
Yutang Sports
loading...