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Last week several prominent non-endemic partnerships surfaced within the League of Legends esports scene, as did a multi-million dollar Series B2 financing round from China’s biggest esports company, VSPN.
On Thursday, Tencent reached a strategic partnership with the Olympic Council of Asia and the Asian Electronic Sports Federation to jointly promote the development of e-sports.
Esports and breakdancing have joined the 19th Asian Games in Hangzhou 2022.
Following a somewhat unremarkable week, the Chinese esports industry has since observed some big moves entering April.
Game publisher Kepler Interactive said Tuesday that it had received $120 million in funding from Chinese game developer NetEase, Reuters reported.
Last week, China’s esports industry saw several new partnerships and a major acquisition by Beijing-based technology giant, ByteDance.
Chinese regulatory authorities issued a notice calling for the strengthening of measures to prevent minors from spending too much time playing games. Many Chinese gaming companies have responded quickly.
Blizzard China released a letter from Nathan Lyons-Smith, General Manager of Hearthstone’s production team, to all of the game’s players in China on December 23, saying that it is currently negotiating with some potential new distribution partners.
China released the approval information of imported online games in 2023 on March 20, and a total of 27 games were approved. NetEase's "Audition: Everybody Party" and Bilibili's "Pretty Derby," and Tencent's "Merge Mansion" are all on this list.
China-Germany automotive brand FAW-Audi and Chinese dairy brand An Mu Xi have become the latest sponsors of Chinese esports organization Top Esport (TES) League of Legends team.
As the name suggests, Mobile Legends: Bang Bang has indeed become a legend in the mobile game industry five years after its launch.
On April 13th, "PUBG Mobile" by Tencent regained its position at the top of the chart for overseas revenue growth.