Sequoia-backed Indian Esports Startup MPL Secures $100M At $800M Valuation “Online gaming startup Mobile Premier League (MPL) has raised around US$100 million in a fresh financing round valuing the company at nearly US$800 million,” the Economic Times reported, citing two people familiar with the matter.
Tencent-Backed Esports Startup VSPN Closes $60 Million Funding Shanghai-based esports event organizer Versus Programming Network (VSPN) has raised $60 million in its series B+ funding round, as esports’ inclusion in the lineup for the 2022 Asian Games as a full medal event has increased investor interest.
SG's EVOS Esports Bags $12m in Series B Round Led by Korea Investment Partners The company claimed that its revenue from the live streaming arm doubled since the start of 2020 and continues to peak month after month. The company also said, its overall revenue surpassed 2019 levels despite the pandemic outbreak.
Chinese Communist Party Aims to Turn Beijing into An E-Sports Hub, Backed by Subsidy Schemes It involves investing an estimated RMB 10 trillion (USD 1.4 trillion) over six years to 2025 in the domestic economy, supporting the roll-out of everything from 5G mobile networks to artificial intelligence systems.
Chinese E-sport Market Scale to Reach 135.3 Billion Yuan by 2020, with Great Potential According to the Chinese E-Sports Industry Research Report published by iResearch , the scale of the entire Chinese e-sport market has reached 94.05 billion yuan, and is expected to reach 135.3 billion by 2020, with growth rate of 20%.