VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
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
Mediarex Sports raises $4.9M to develop Chinese market
15 Jul 2015
Tencent eGame receive exclusive broadcasting rights to WCG 2019 Xi’an
28 Apr 2019
Alisports announce location of Asia-Pacific Final of WESG
07 Dec 2017
War Horse renews contract with LPL
27 Mar 2018
Chinese team won international e-sports competition for the first time
19 May 2015
More from Yutang Sports
Reasons why Leading Gold Partner Sport Event Denmark returns to SportAccord every year
08 Feb 2024
SportAccord Bronze Partners Make Their Mark on Global Stage
08 Mar 2024
SportAccord scores Summit touchdown with NFL
18 Jan 2024
Future of Sport: a resounding success for the Global Sports Week and Viva Technology collaboration
21 Jun 2023
SportAccord Summit 2024 Logo Unveiled
29 Nov 2023
Yutang Sports
loading...