Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024 16:40
September 27: Banana Gaming Media announced Wednesday that it has completed an RMB 200 million Series B Financing, led by Matrix Partners China and eSports Capital, co-invested by Seeinfront Capital and IDG Capital.
Banana Gaming Media is an eSports subsidiary of Banana Culture, which was founded in 2015 by Chinese billionaire Wang Jianlin’s son, Wang Sicong. It has raised RMB 150 million in series A financing with IDG Capital and Cultural Assets Digital Investment Capital.
After this financing, the gaming media platform is expected to partner with real estate companies to develop an ‘eSports plus Real Estate’ model. In addition to this, Wang’s company will also devote itself to the businesses of overseas channels, internet movies, theatrical films and eSports documentaries.
As of now, Banana Gaming has launched events and shows like Banana Culture B.I.G Carnival, Overwatch Premier Series and Pandakill Series. It has also held the 2015 League of Legends Demacia Cup and the 2016 League of Legends Pro League (LPL). In the year 2016, the company launched its own eSports brand BEST.
Source: youxiputao
Proofread by William Logsdon
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025 14:05
Related coverage
China's Rastar Group buys stake in Spanish club Espanyol
03 Nov 2015
Le Sports invests US$10m in gaming company
26 Feb 2016
Jorge Mendes in talks with Chinese investor over Gestifute
18 Jun 2015
30 Jan 2015
Social sports APP Paidui raised US$2m in Pre-A Round
21 Oct 2015
More from Yutang Sports
Yutang Sports
loading...