Tencent leads $100m Series B round in VSPNChinese esports firm eyes international expansion after growing to 1,000 employees in the space of four yearsMatthew HandrahanEditor-in-ChiefMonday 26th October 2020Share this article Recommend Tweet ShareCompanies in this articleTencentTencent led a $100 million funding round in the Chinese esports firm Versus Programming Network (VSPN).The Series B round also included contributions from Tiantu Capital, SIG and Kuaishou. VSPN last raised investment in 2016, the year of its founding, with a Series A round led by Focus Media Network.Based in Shanghai, VSPN is the main esports organiser and broadcaster for many of China’s most popular games: PUBG Mobile, Honor of Kings, Peacekeeper Elite, CrossFire, FIFA Online, QQ Speed and Clash Royale.”Thanks to policies supporting Shanghai as the global centre for esports, and with Beijing, Chengdu, and Xi’an expressing confidence in the development of esports, VSPN has grown rapidly in recent years,” Dino Ying, CEO of VSPN, said in a statement. Related JobsBuild Engineer – Games – Cheshire, England UK & Europe Big PlanetSenior Unity Programmers F2P Mobile Games Turkey Turkey Big PlanetRemote Senior C++ Unreal Programmer – PC and Console Games – Europe Austria Big PlanetDiscover more jobs in games “After this funding round, we look forward to building an esports research institute, an esports culture park, and further expanding globally.”As well as creating esports content and operating tournaments, VSPN has live venues in Chengdu, Xi’an, and Shanghai. It opened its first venue outside of China in May this year: V. SPACE in Seoul, South Korea.VSPN currently has more than 1,000 employees, spread across five business divisions.Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Daily Update and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesTencent in talks with US Committee to retain Epic and Riot stakesThe CFIUS is investigating whether user data handled by the two studios could constitute a “national security risk” because they are Chinese-ownedBy Marie Dealessandri 5 days agoTencent’s Timi Studios reportedly earned $10bn in 2020The Honor of Kings studio is the world’s biggest developer, Reuters reportedBy Marie Dealessandri A month agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.
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