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Longzhu Games Broadcast to Invest RMB 1 Bln in Gamecasting Industry

Tencent Tech, 6/27/17

Taicang-based Juyitang Network Technology, operator of video gamecasting platform Longzhu Games Broadcast, will invest RMB 1 bln in the gamecasting industry, and will look to gain a foothold in the gaming, sports, broader entertainment, and e-commerce industries, announced CEO Chen Qidong. Read More

Ali Sports, Giant Interactive Partner on Mobile E-sports

Sina Tech, 9/09/16

Ali Sports, the sports subsidiary of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA), recently announced that it has formed a mobile e-sports strategic partnership with Chinese online game developer and operator Giant Interactive and will invest RMB 100 mln in Giant Interactive's mobile casual game Battle of Balls. Ali Sports and Giant Interactive will collaborate in several areas, including e-sports competition system development, competition globalization strategy, mobile e-sports user platforms and value-added services, as well as developing e-sports talent and clubs, supporting e-sports stars, creating e-sports leagues, and developing and selling derivative products based on e-sports intellectual property (IP). Read More