Esports Archives - Pandaily

NIP Group Completes First Chinese Esports IPO

On July 26, NIP Group was officially listed on the NASDAQ Stock Exchange under the ticker symbol “NIPG”. The listing ceremony was attended by Mario Ho, Chairman and Co-CEO of NIP Group, Hicham Chahine, Co-CEO of NIP Group, and Sun Liwei, President of NIP Group. In this IPO, NIP Group issued 2.25 million ADS (American […]

“Legend of Hearthstone” Will Not Participate in the Hangzhou Asian Games

On March 16th, the 19th Asian Games Hangzhou Committee officially announced that the e-sport project "Legend of Hearthstone", produced by Blizzard Entertainment Entertainment Company and operated by NetEase within China, will not go ahead as the business cooperation between the two parties expired and no agreement has yet been reached to renew the contract.

Esports Startup VSPO Obtains $265M Investment, A Record High

VSPO, a Chinese esports startup specializing in tournaments, venues and production, has obtained a 1.8 billion yuan cash ($265 million) investment from Saudi Arabia’s Savvy Games Group.

Chinese E-Sports Firm VSPN Set for Hong Kong IPO, Tencent Holds 13.54% Stake

Chinese e-sports firm VSPN has filed a prospectus with the Hong Kong Stock Exchange on January 31 for listing on its Main Board, with Bank of America, CICC and Credit Suisse acting as joint sponsors.

Kuaishou and Suzhou City Reach Agreement to Settle E-Sports Headquarter

Kuaishou and Suzhou's Municipal Government have recently signed a strategic cooperation agreement that will see future investment in high-quality resources promote the settlement of Kuaishou's e-sports headquarter in Suzhou.

Omdia: China, US and South Korea Rank Top Three in Global E-Sports Market

According to market survey results recently released by analysis and consultancy firm Omdia, the e-sports market with the highest income in the world has changed from the U.S. to China in the past five years.

Following Limits to Minors’ Playing Time, MOBA Game Honor of Kings Experiences Crash

As for the collapse of the popular game, some netizens speculated that it was related to the fact that regulatory authorities have recently restricted the time minors are allowed to play online games.

Tencent Restarts eGame Site After Halt of Huya-Douyu Game-Streaming Merger

In mid-August, Tencent's IEG announced a series of departmental and personnel adjustments to set up an eGame Center, which would be fully responsible for product R&D, operation and promotion of eGame.

China Esports Weekly: Wolves Owner Fosun Sports Invests in Evil Geniuses, Uzi and Chengcheng Fan Establish Esports Team UFG

Last week, the esports industry in China went through a bit of turmoil as Typhoon In-fa passed through Shanghai and caused multiple esports competitions to be suspended, including League of Legends Pro League.

China Esports Weekly: LoL Esports Manager Receives Game Approval, ImbaTV to Host Valorant Invitational

There were a number of new developments across China's gaming industry this week, including the approval of 43 imported games, ImbaTV's announcement to host Valorant Competition and Bilibili's new partnership with Ping An Bank.

China Esports Weekly: Tencent Esports Anti-Match-Fixing Convention Announced, Six Cities Selected for HoK World Champion Cup

Over the past week, China's esports industry saw several key developments, primarily related to Tencent esports titles, including Honor of Kings, Peacekeeper Elite, League of Legends and CrossFire.

China Esports Weekly: OPPO Signs Two-Year Strategic Partnership With TJ Sports for Wild Rift, Nongfu Spring’s Scream Sponsors FPX

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.

VSPN Secures Multi-Million Series B2 Financing Round Led by Morgan Stanley

Chinese esports company VSPN on Tuesday announced the completion of a multi-million dollar Series B2 financing round, led by Morgan Stanley Private Equity Asia (MSPEA). The funding will be directed towards the firm's global business expansion and the development of its esports content matrix, the VSPN+.

China Esports Weekly: SuperGen Education Wraps Up Undisclosed Series A Funding Round, JingDong Gaming Rebrands

Last week, Chinese esports organization Royal Never Give Up (RNG) crushed their opponent, South Korean team DWG KIA, in a best-of-five game to win the championship in the League of Legends Mid-Season Invitational (MSI).

China Esports Weekly: Tencent Global Esports Annual Summit 2021 Planned, Worlds 2020 Contributed $4.6M to Shanghai Economy

Last week was significant for the China esports industry and for Tencent Esports in particular. Not only did a game publisher reveal its tournament and esports business summit plan, but solid achievements from Chinese esports events were also reported, according to a new report from the Chinese authority.

China Esports Weekly: Tencent Partners With Shanghai International Circuit for PEL, Xiaomi Earns Role of Title Sponsor for PMNC UK

Over the past week, the esports industry in China has celebrated the International Labor Holiday by hosting multiple esports competitions for audiences and fans. Shanghai-based tournament organizer Imba TV hosted its $185 thousand Dota 2 i-League at the Shanghai Aegean Shopping Park in front of a limited live audience, while Tencent and VSPN also hosted a two-year anniversary party for Peacekeeper Elite in Chongqing, at which multiple partnerships were signed.

China Esports Weekly: JD.com and Momchilovtsi Join Mid-Season Invitational as Chinese Partner, Funspark Teams Up With Elisa Esports For New CS:GO Tournament

Last week, China’s esports industry saw several significant partnerships and sponsorships.

Huya Lands Exclusive Rights for Chinese League of Legends Events in $310 Million Deal

Chinese live-streaming platform Huya Inc revealed it has signed a $310 million media rights deal with the country’s League of Legends operator TJ Sports, according to a filing to the US Securities and Exchange Commission.

China Esports Weekly: Tencent Esports Partners With Hubei Province, Results of LPL and LDL Match-Fixing Investigation Announced

China’s esports industry saw some valuable new opportunities and partnerships as well as serious punishments following the League of Legends Pro League and League of Legends Development League match-fixing investigation.

China Esports Weekly: Bilibili Esports Signs Strategic Partnership With Activision Blizzard, Overwatch League Brings Live Events Back to China

Following a somewhat unremarkable week, the Chinese esports industry has since observed some big moves entering April.

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