Natural mineral water brand Alps sign three-year partnership with BWF
21 Aug 2019 20:30
September 6: According to Sina.com, two Sichuan-based companies have reached a partnership at The Asia-Pacific International Cyber Games Summit Forum 2017 hosted in Mianyang, Sichuan Province have jointly set up a special fund for the eSports industry.
The two companies will reportedly invest RMB 5 billion to this fund, which was set up in the support of projects specializing in games development, eSports events promotion, talent development, venue construction and other eSports-related services.
A representative of one of these fund investors disclosed that the fund would be available for prospective projects around China but that Sichuan Province would be the key priority area.
Data has shown that China's eSports market generated over RMB 35 billion in the first half of 2017, an increase of 43.2% than 2016 and making up 36.1% of the overall gaming market.
Source: Sina
Proofread by Raymond Fitzpatrick
Related coverage
Chinese eSports Football League to kick off
19 Jun 2017
Mediarex Sports raises $4.9M to develop Chinese market
15 Jul 2015
Yutang Weekly: What happened in the Chinese sports market (8/26-9/1)
01 Sep 2019
Tencent to set up Esports town in Wuhu, China
16 May 2017
Chinese gaming streaming platform Douyu applies for IPO in the US
25 Apr 2019
More from Yutang Sports
Leading sports charity, Podium Analytics, announces Trusted Research Environment for Global Sport
11 Apr 2024
Interview with Nicolas Maurer: Becoming Mainstream and at the Forefront of French Esports Industry
04 Oct 2023
SportAccord Media Partners will ensure global audiences are primed with latest news in sport
02 Mar 2024
SportAccord Summit 2024 Logo Unveiled
29 Nov 2023
France’s Golden Decade of Sport
14 Jun 2023
Yutang Sports
loading...