Earlier this month, Chinese language esports group Nova Esports (NV-XQF) gained the PUBG Cell World Championship (PMGC) Finals in Dubai, taking residence $700Ok USD of the $1.2M complete prize pool. In the meantime, one other Chinese language PUBG Cell (Chinese language model: Peacekeeper Elite) staff, 4 Offended Males (4AM), gained second place within the competitors, taking residence $200Ok in prize cash.
Hosted by Tencent, PUBG Company, and Chinese language event organizer VSPN, PMGC was the highest esports competitors in PUBG Cell esports. The competitors was sponsored by Qualcomm, Mountain Dew, smartphone OnePlus, and NimoTV. Worldwide esports organizations equivalent to Crew Secret, Natus Vincere (NaVi) additionally participated.
Among the many prime tales in China’s esports business: Chinese language Honor of Kings staff DYG relocated to Shenzhen, the place its King Professional League residence venue might be positioned; Tencent Video games confirmed that Chinese language reside streaming platform Huya has invested in Nanjing-based esports group Nanjing Hero; and VSPN closed a $60M Sequence B+ funding spherical led by Prospect Avenue Capital (PAC).
KPL Crew DYG Units Dwelling Venue in Shenzhen
Credit score: Tencent
On Jan. 23, Chinese language esports group DYG introduced that the corporate plans to arrange its King Professional League (KPL) residence venue in Shenzhen. DYG made the announcement at Tencent’s “2021 TiMi Studios Esports Technique Press Convention” in Shenzhen. Yijia Zhang, president of KPL confirmed the determine on the convention.
The title of the town (Shenzhen) might be added to DYG branding (Shenzhen DYG). DYG is the 11th Chinese language KPL staff to be renamed to incorporate a Chinese language metropolis title. Different groups which have rebranded their KPL groups based mostly on location embrace Nanjing Hero, Chengdu All Avid gamers, and Wuhan eStar.Professional.
As well as, Honor of Kings developer TiMi Studios additionally confirmed that the corporate will make investments ￥1B RMB ($154M) within the 2021 Honor of Kings esports ecosystem. The brand new KPL 2021 seasons will function ￥5.8M complete prize pool cash, whereas the sport’s prime world competitors, the Honor of Kings World Champion Cup (KCC), will function $7.7M, which is a 56% enhance from the earlier 12 months’s prize pool. ￥32M ($4.9M).
Huya Invests in KPL Crew Nanjing Hero
Credit score: VSPN
In the course of the convention, Tencent additionally confirmed that its reside streaming subsidiary Huya has invested in KPL staff Nanjing Hero, proudly owning an undisclosed quantity of shares of Hero. Hero is at the moment acknowledged as one of the best Honor of Kings staff attributable to its win on the Honor of Kings Winter Champion Cup on Saturday, taking residence ￥1.6M ($250Ok) of ￥3.4M ($526Ok) of the full prize pool cash.
Monetary phrases of the deal weren’t disclosed.
Hero was acquired by Chinese language firm Chang Ao Sports activities (CAS) in 2018 after the staff gained the 12 months’s KPL Spring Break up. CAS is well-known within the sports activities business of the Chinese language province of Jiangsu; it owns Hero, Kunshan F.C, in addition to Jiangsu Zhongtian Girls’s Volleyball staff. In September of 2020, Hero signed an unique attire partnership take care of the U.S. streetwear model Skechers.
Alongside Huya’s funding, a number of Chinese language digital platforms have entered the Honor of Kings esports ecosystem. In August of 2020, Chinese language social media firm Weibo acquired KPL staff TS Gaming, whereas short-form video firm Kuaishou acquired KPL staff YTG for an preliminary bid worth of ￥61M ($9.43M).
Different Esports Enterprise Information:
Credit score: Tencent
On Jan. 28, Chinese language reside streaming platform Huya introduced that it signed a strategic partnership take care of Zhuhai Coverage Workplace to forestall reside streaming fraud. The deal will give attention to knowledge mining, warning providers, and reside streaming legal analysis.
On Jan. 21, Chinese language esports answer supplier VSPN introduced that it closed a $60M Sequence B+ funding spherical, led by Prospect Avenue Capital (PAC). Additional buyers collaborating within the spherical embrace Guotai Junan Worldwide and Nan Fung Group. In October of 2020, VSPN raised near $100M in a Sequence B funding spherical led by Tencent Holdings.
On Jan. 25, sportswear model PUMA introduced that it signed an unique attire sponsorship take care of Tencent for the KPL. PUMA will present unique co-branded staff jerseys for KPL gamers. Monetary phrases of the deal weren’t disclosed.