News Snapshot:
Chinese esports startup VSPN (Versus Programming Network) said it has raised close to US$100 million in a series B funding round led by Tencent. Other investors in the round include Tiantu Capital, Susquehanna International Group, and Kuaishou, with Lighthouse Capital acting as financial advisor for VSPN. Photo credit: VSPN “After this funding round, we look forward to building an esports research institute, an esports culture park, and further expanding globally,†VSPN chief exec Dino Ying said in a statement. The company added that it will focus on building an esports short-form video ecosystem, improving its esports content creation capabilities, and...
