LGD-Gaming raises 30 million RMB in the A Series financing round

As reported by 36Kr, a website delivering technology-related content, the professional Chinese eSports multigaming club, LGD-Gaming has raised 30 million RMB ($ 43.5m) in their A Series financing round with N5 Capital being the lead investors. Following this round, LGD-Gaming will continue to invest more money and other resources in their youth training so as to strengthen their players' roster.

Recently LGD-Gaming also formed a partnership with the Chinese E-commercial giant, JD.COM Inc on May 18 with JD.COM securing the rights to LGD-Gaming’s specialized merchandise and promotion of its e-channels.

Established in 2009, LGD-Gaming became the first professional multigaming  eSports club in China, and was also the pioneer for its commercialized operations. LGD-Gaming's roster includes both male and female players  focusing on League of Legends, Dota2, King of Glory, Overwatch, CS:GO and others. Their teams have also won numerous tournaments, such as the 2015 LPL S5 Summer Finals Championships, and have also been runners-up in the  2015 TI5 Spring Playoff Finals. 

Source: 36Kr and Sohu

Proofread by Raymond Fitzpatrick