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The money was raised via a Series B funding round, led by Tencent and backed by other investors including Tiantu Capital, SIG and Kuaishou
Founded in 2016, VSPN provides video game companies with “turnkey solutions to create and manage innovative online and offline events” while creating esports content It has participated in over 70% of Chinese esports tournaments and preparing to launch its first overseas venue, V Space, in Seoul, South Korea
Tencent, meanwhile, owns a number of top-tier companies and studios, including League of Legends creator Riot Games and Clash of Clans Supercell creator. He also owns a 40% stake in developer Fortnite Epic Games
Commenting on the investment, Tencent Esports General Manager Mars Hou said the company is keen to support VSPN’s long-term vision to help « optimize the development layout of the esports industry »
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Tencent, Esports, Venture round, PlayerUnknown’s Battlegrounds
World news – AU – Tencent leads $ 100 million investment in Chinese esports company VSPN
