Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
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
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
SportAccord 2024 - sport as a ‘powerful, transformative tool’ under spotlight at CityAccord
29 Mar 2024 20:16
Related coverage
Weibo named KPL official social media partner
20 Mar 2018
LGD’s new home venue to be opened in November
28 Sep 2017
Two Chinese eSports organizations announce A-round financing
27 Sep 2018
Tencent leads $226m investment in Douyu TV
17 Aug 2016
Flying Leopards officially launch eSports team
11 Jun 2018
More from Yutang Sports
SportAccord 2024 - combating online abuse ‘chance for sport to show its power’
22 Mar 2024
Discover the SportAccord Summit sessions!
31 Jan 2024
SportAccord’s conversation with FEI President Ingmar De Vos: Equestrian sport’s road to Versailles
22 Apr 2024
Birmingham is embracing a bright future supported by extraordinary sporting legacy
17 Apr 2024
Leading sports charity, Podium Analytics, announces Trusted Research Environment for Global Sport
11 Apr 2024
Yutang Sports
loading...