Write what you are looking for and press enter to begin your search!
Live News
Tencent Is Massively Funding China-Based Esports Organizer VSPN
By Alleef Ashaari|October 28, 2020|0 Comment
Esports is starting to pick up again amidst the ongoing COVID-19 pandemic. China-based esports organizer VSPN (Versus Programming Network) has raised a whopping US$100 million in Series B funding. The biggest contributor to the funds is Tencent, but other investors include Tiantu Capital, SIG (Susquehanna International Group), and Kuaishou.
The US$100 million funding will be funnelled into improving esports and its ecosystem not in China, but also across Asia. VSPN was founded in 2016 and is based in Shanghai, China.
In a statement (via TechCrunch), VSPN CEO Dino Ying said:
“We are delighted to announce this latest round of funding. Thanks to policies supporting Shanghai as the global centre for esports, and with Beijing, Chengdu, and Xi’an expressing confidence in the development of esports, VSPN has grown rapidly in recent years.
After this funding round, we look forward to building an esports research institute, an esports culture park, and further expanding globally.
VSPN has a long-term vision and is dedicated to the sustainable development of the global esports ecosystem.â€
VSPN has previously organized tournaments for international PUBG Mobile competitions, as well as Honor Of Kings, PUBG, Peacekeeper Elite, CrossFire, FIFA, QQ Speed and Clash Royale in China.
They also have esports venues in several Chinese cities like Chengdu, Xi’an and Shanghai, as well as one in Seoul, South Korea as well. In addition, VSPN organized PMPL SEA Finals Season 1, in which Malaysian esports team Yoodo Gank became champions.
By Mr Toffee|September 9, 2023
First-person freerunning cyberpunk ninja game Ghostrunner has hit a recent milestone since its release in 2020. The action game from developer One ...
By Burhanudin Zamri|July 10, 2019
VR still hasn't reached the accessibility that allows it to be owned by more consumers like you and me. Most VR headsets are still beyond the affordab...
By Mr Toffee|May 15, 2020
It's a dark day in Dota 2 esports as organization and esports group Newbee has been found fixing matches; allegedly, anyway. As a result, Newbee is re...
By Team KKP|May 10, 2024
By Mr Toffee|February 2, 2024
By Team KKP|July 1, 2023
By Alleef Ashaari|August 2, 2021
By Alleef Ashaari|February 9, 2022
By Team KKP|May 10, 2024
By Mr Toffee|February 2, 2024
By Team KKP|July 1, 2023
By Team KKP|May 10, 2024
By Mr Toffee|February 2, 2024
By Team KKP|July 1, 2023
Copyright @ Kakuchopurei 2024