Kaisa and Kaixing Capital Initiate Fund to Sports Industry
08 Sep 2016 17:26

Tencent has signed a Memorandum of Understanding (MOU) with the UK Department of International Trade to help boost their relationship with the UK government.
This MOU is aimed at improving cooperation between the two countries, focusing on film, video games and fashion. As part of the broad trade deal, the Chinese media giant will bring eSports courses to Oxford University.
“The next few years offer a golden opportunity for the UK to work with companies such as Tencent to drive innovation and shape the future of global trade,” said Liam Fox, the UK’s Secretary of State for International Trade and President of the Board of Trade at a press conference.
As Lau Seng Yee, Senior Executive Vice President of Tencent, said, “Openness, partnership and sharing at a global level have become our common vision for the future of human development in this digital era, within this context, the Memorandum of Understanding is of great significance.”
Tencent has bought some of the biggest esports titles, including League of Legends, Arena of Valor and Clash Royale. The company has recently invested about USD15m to promote eSports for Fortnite in China.
Source: Sina
Proofread by William Logsdon
Related coverage
Shandong to establish a 5-billion-yuan eSports town
11 Dec 2017
Yutang Weekly: What happened in the Chinese sports market (8/26-9/1)
01 Sep 2019
Bilibili to establish a new LoL club
19 Dec 2017
Hao Haidong embraces soccer video game industry
18 Sep 2017
LGD’s new home venue to be opened in November
28 Sep 2017
More from Yutang Sports
Where to stay in Baku: the SportAccord 2026 Official Hotels
29 Jan 2026
SportAccord Convention 2026 sets its sights on sport’s digital frontier
21 Mar 2026
SportAccord Convention in Baku postponed
03 Apr 2026
“Connect & Cultivate”: a 24-hour Networking Ecosystem at SportAccord 2026
03 Mar 2026
Sport Event Denmark confirmed as Partner for SportAccord Convention in Baku
03 Mar 2026
Yutang Sports
Chinese website
loading...