Tencent Esports Finds First Esports Venue in Southern China, VSPN Opens Arena in South Korea

Tencent Esports Finds First Esports Venue in Southern China, VSPN Opens Arena in South Korea

Last week was one of the most significant for China’s youth in 2020. More than 10 million students undertook their Gaokao; an annual national college entrance exam that will shape the course of their future careers.

This examination has existed in the country for 1,300 years, and of this year’s millions of participants, many are likely to join China’s esports industry in the next four years. 

On the Internet, multiple sectors and individuals of the esports industry, including Tencent Esports, NetEase, esports organization Team WE, LGD Gaming, Team Liquid, Team SoloMid, gave their best wishes and welcomed the Gaokao students.

Among the top stories in China’s esports industry: Tencent Esports signed Shenzhen World University Sports Center as its first large-esports venue in Southern China; Chinese tournament organizer VSPN launched its first overseas esports arena; Perfect World will ban thousands of Dota 2 accounts for improper betting advertising; and esports organization Super Valiant signed a sponsorship deal with ZOWIE Gear.

Credit: Tencent Esports

Tencent Esports Signs Shenzhen World University Sports Center as Its First Large Esports Venue in Southern China

On July 6, Tencent Esports announced that the company had signed a partnership deal with Jia Zhao Ye Entertainment Technology Group (JZY) for use of its sports venue. TheShenzhen World University Sports Center will henceforth act as Tencent’s first large esports venue in Southern China. 

Jie Yun, Brand Head of Tencent Esports, signed the deal with Zhiming Huang, vice president of JZY, at an official signing ceremony. 

Tencent first partnered with Shenzhen World University Sports Center in 2019 to host the Honor of Kings World Champion Cup grand final. The venue has also hosted multiple international sports tournaments, including the International Champions Cup (ICC) and an NBA International Exhibition Match stop. 

Credit: VSPN

VSPN launches Esports Arena V.SPACE in South Korea 

On July 2, Chinese production company and tournament organizer VSPN announced that the company has opened a new esports arena, called V.SPACE, in South Korea’s capital Seoul. The arena is VSPN’s first overseas venue, following its space in Shanghai Xintiandi shopping complex last year. 

The venue will not only host esports competitions, but also exhibitions, dramas, fashion shows, and news conferences. In an interview with The Esports Observer last year, VSPN vice president Chenfan Wang claimed that the company and China’s esports industry as a whole had put more eyes on the global esports market, including Southeast Asia. 

Despite the fact that VSPN has hosted multiple esports competitions, like the PUBG MOBILE Club Open (PMCO) in Southeast Asia, the COVID-19 pandemic has created instability for Chinese companies looking to expand their business outside of China.

Credit: Valve

Perfect World to Ban Thousands of Dota 2 Accounts Over Betting Ads 

On July 3, Chinese game publisher Perfect World announced that the company had agreed with Dota 2 developer Valve to ban thousands of Dota 2 accounts for individually promoting betting in-game. 

According to the announcement, all involved accounts will be banned between one to 12 months, and revealed publicly in the future.

Dota 2’s ranking system has been suffering from improper betting advertising for a long time. In Dota 2, the nickname of the account can be changed for free, multiple times. This led to some high ranking players rewriting their nicknames to those of betting websites for compensation. 

In China, this behavior is considered a grey area in Dota 2 esports. It has been amplified in the live streaming space, as when players were matched with the top streaming personalities (thus increasing visibility of the betting site), the compensation given to them would be increased. Sometimes, match-fixing would happen live during the stream. 

In many other esports games, like League of Legends, account nicknames are not allowed to be changed multiple times. 

Credit: Tencent

Other Esports Business News:

  • On July 6, Chinese esports organization Bilibili Gaming (BLG) announced that Li “Method” Xinyuan, manager of its League of Legends team, has resigned. The reason behind this was not disclosed.
  • On July 1, Chinese CrossFire team Super Vallant (SV) announced that it signed a sponsorship deal with hardware brand ZOWIE Gear. Financial terms of the deal were not disclosed.
  • On July 2, Russian esports organization Virtus.pro named Chinese SUV car brand Haval as its official automotive sponsor, focusing specifically on its Dota 2 team. In 2018, Great Wall Motors, the parent company of Haval invested $500M USD to build its car factory in Tyna, Russia.
  • On June 30, Chinese conglomerate Tencent Holdings sued China’s biggest chili sauce brand Lao Gan Ma for $2.3M in unpaid advertising fee for esports competition QQ Speed S League. LGM denied all the accusations from Tencent, and the local police authorities caught three suspects who signed the agreement with Tencent, for fraudulently pretending to be LGM’s marketing manager.
  • According to news reports, Sheng-Chang Chiang, CEO and President of Taiwanese multinational international technology corporation, Micro-Star International (MSI), died at the age of 56 after falling from a building. 

Published at Wed, 08 Jul 2020 19:09:21 +0000

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