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( Source: VSPN).
Chinese esports production business Versus Shows Network (VSPN) revealed today that it has actually raised near $100 M USD in a Series B financing round, led by Chinese conglomerate Tencent Holdings. Other investors who participated in this round include Kuaishou, Tiantu Capital, and Susquehanna International Group (SIG).
After this funding round, VSPN has actually become one of the most significant competition organizers on the planet.
According to the statement, VSPN will update its esports strategic advancements consisting of content production, tournament arranging, offline location operation, esports product innovation, and general abroad growth.
” We eagerly anticipate building an esports research study institute, an esports culture park, and even more expanding globally,” VSPN CEO Dino Ying specified in the statement “VSPN has a long-lasting vision and is committed to the sustainable development of the international environment.”.
VSPN was established in 2016 and headquartered in Shanghai Jingan district. The company closed its Series A funding round led by Focus Media Network. After four years of development, VSPN has actually become China’s most significant third-party tournament organizer, covering 70%of Chinese esports tournaments, including Honor of Kings, CLUB
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