Chinese language esports options supplier VSPN (Versus Programming Community) introduced that it has raised near $100M USD in a Sequence B financing spherical led by Tencent Holdings. Additional buyers that participated within the funding embrace Tiantu Capital, SIG (Susquehanna Worldwide Group), and Kuaishou.
Shanghai-based VSPN was based in 2016 and raised a Sequence A funding led by Focus Media Community with additional monetary assist by China Jiansheng Sports activities Trade Fund, Guangdian Capital, and Averest Capital. In keeping with its personal assertion, the corporate presently employs greater than 1,000 individuals and is “partnered with over 70% of Chinese language esports tournaments,” together with premier competitions for Honor of Kings, PUBG, Peacekeeper Elite, CrossFire, FIFA, QQ Pace, and Conflict Royale. Along with its core esports match and content material manufacturing enterprise, VSPN owns and operates branded esports venues in Chengdu, Xi’an, Shanghai, and Seoul.
VSPN plans to make use of the funding proceeds to enhance its esports merchandise, proceed constructing a various esports ecosystem, and improve its attain.