Though the COVID-19 pandemic is an unfortunate beginning for 2020, the esports industry in China saw its first disclosed esports capital raised, as well as the first health management center for esports players in the last week.
China’s top League of Legends competition, League of Legends Pro League (LPL), has started its summer split. Another esports title, Counter-Strike: Global Offensive (CS:GO), has resumed its professional competitions in the region, facilitated by the game’s Chinese distributor Perfect World.
Among the top stories: Chinese esports organization Q9 raised $14M USD in an angel round investment; Perfect World announced plans to host the $250K CS:GO competition, Perfect World Aisa League (PAL); Honor of Kings team YTG Gaming decided to leave King Pro League, auction off its franchising slot and player contracts with an opening bid price of $8.6M; FunPlus Phoenix renewed its partnership deal with social media platform Bixin; and Huya signed an exclusive streaming deal with Invictus Gaming’s Dota 2 division.
Q9 Raises $14M in Angel Round Investment, Led by Chinese Angel Investors
Chinese esports organization Q9 Esports Club (Q9) announced that the company has raised a ￥100M RMB ($14M USD) angel investment round led by Chinese angel investors Lei Wen and Chao Liu.
According to the announcement, the two investors say that they will not interfere with Q9’s business. Q9 will establish influencer