Tencent Video games cellular gaming growth subsidiary TiMi Studios introduced Saturday that the corporate will make investments ￥1B RMB ($154M USD) within the Honor of Kings esports ecosystem, aiming to construct the esports title for “All Individuals,” in response to the announcement.
The brand new funding may even enhance the overall prize pool for the brand new yr. Grassroots competitors, the Honor of Kings Nationwide League will see a 353% prize cash enhance, from ￥1.5M ($231Okay) to succeed in ￥6.5M ($1M). The highest Honor of Kings world competitors, the Honor of Kings World Champion Cup (KCC), will characteristic ￥50M ($7.7M), which marks a 56% enhance from the earlier yr’s prize pool, ￥32M ($4.9M). As well as, China’s high Honor of Kings competitors, the King Professional League (KPL) may even see a 135% prize pool enhance, reaching ￥37.6M ($5.8M) from the earlier ￥16M ($2.5M). The secondary league, King Professional League G-League (KGL), will characteristic ￥6M ($925Okay), 89% enhance from the earlier yr ￥3.18M ($500Okay).
TiMi made the announcement at its “2021 Esports Technique Press Convention” on Saturday in Shenzhen, which included particulars on esports plans for Honor of Kings, CrossFire, Name of Responsibility Cell, and QQ Pace. Min Li, basic supervisor of TiMi Studios L2, Honor of Kings sport producer; Yuan Yao, basic supervisor of TiMi Studios J3; and Yijia Zhang, president of King Professional League (KPL) attended the convention.
The Esports Observer has reached out to TiMi Studios for extra details about this convention.
Honor of Kings is among the most worthwhile cellular video games on this planet. Throughout 2020, sport publishers reminiscent of Tencent noticed an enormous consumer enhance in cellular video games consumption, thanks principally to the COVID-19 pandemic. In November, TiMi Studios introduced that Honor of Kings surpassed 100M common every day energetic customers. As well as (in response to world analytics outlet Statista), Honor of Kings generated $2.5B whole income worldwide in 2020, extraordinarily near the highest cellular sport income generator of 2020, PUBG Cell ($2.6B whole income).