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
Shanghai announce beneficial policy for eSports companies
02 Jul 2019
Two Chinese eSports organizations announce A-round financing
27 Sep 2018
JD.com acquires two eSports teams to compete in professional league
19 Jun 2017
Tencent Dayan partners with CNCG in the e-sports business
07 Sep 2017
Shanghai aiming to become the ‘global capital of eSports’.
12 Jun 2019
More from Yutang Sports
HealthAccord spotlights mental health and female athlete well-being
08 Feb 2024
France’s Golden Decade of Sport
14 Jun 2023
Wiz-Team provides smart event management system for SportAccord 2024
14 Mar 2024
Future of Sport: a resounding success for the Global Sports Week and Viva Technology collaboration
21 Jun 2023
Leading sports charity, Podium Analytics, announces Trusted Research Environment for Global Sport
11 Apr 2024
Yutang Sports
loading...