News Snapshot:
Chinese esports production company Versus Programming Network (VSPN) announced today that it has raised close to $100M USD in a Series B funding 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 become one of the biggest tournament organizers in the world. According to the announcement, VSPN will upgrade its esports strategic developments including content production, tournament organizing, offline venue operation, esports merchandise innovation, and general overseas expansion. “We look forward to building an esports research institute, an esports culture...
