February 8, 2023

Final week, the Chinese language esports trade skilled some early summer season warmth that introduced new adjustments to the scene, witnessing some important esports bulletins from the Beijing executive.

Some of the best tales in China’s esports trade: The $7.7 million Honor of Kings Global Champion Cup 2021 will happen at Beijing Olympic Sports activities Heart on Aug. 28; Huya and Douyu revealed their Q1 monetary result of 2021, producing blended revenues of $740 million; the CEO of Elephant Bgoose Tradition Yuxiao Dou was once reportedly taken into custody; and Chinese language esports group Evolution Energy Gaming renewed the sponsorship with AutoFull.

SEE ALSO: China Esports Weekly: Tencent International Esports Annual Summit 2021 Deliberate, Worlds 2020 Contributed $4.6M to Shanghai Financial system

Beijing to Host $7.7M Honor of Kings Global Champion Cup At Olympic Sports activities Heart

The finals for the Honor of Kings Global Champion Cup (KCC) 2021 will happen on Aug. 28, 2021, on the Beijing Olympic Sports activities Heart. The director of the State-owned Cultural Belongings Control Heart Shaojian Liu introduced the verdict at a press convention hosted via the Beijing Municipality. As one of the crucial important esports occasions of the “Esports Beijing 2021” initiative, the KCC 2021 might be hosted and operated via Tencent and event organizer VSPN, and that includes a ¥50M RMB ($7.77M USD) overall prize pool, the very best prize cash in Honor of Kings historical past, in addition to the cell esports.

As one of the crucial largest cell esports occasions in China, the KCC 2020 was once the primary esports match to defy the pandemic and taken in reside audiences regardless of a restricted capability. The KCC 2020 witnessed TS Gaming pulling off an exciting come-back beating Dynamite Gaming 4-3 within the finals at Beijing’s Cadillac Heart. The champion staff took house ¥13.4M RMB ($1.9M USD) lion’s percentage of a ¥32M RMB ($2.9M USD) prize pool. The global model of the Honor of Kings, Enviornment of Valor, additionally unveiled a $500 thousand prize pool for its 2021 Global Cup.

Along with KCC 2021, Mr. Liu additionally introduced {that a} overall of 32 esports occasions at other ranges may even land in Beijing as part of the “Esports Beijing 2021,” together with Tencent’s Name of Accountability Masters Season 2 Finals, Highest Global’s Dota 2 and CS: GO Highest Global League (PWL), ESL’s Intel Excessive Masters (IEM), and VR Esports Global Championship to call a couple of. Extra main points might be disclosed within the coming months.

Huya Extends The Lead In opposition to Douyu as Printed via The First Quarter 2021 Monetary Effects

On Might 18, Chinese language reside streaming platforms Huya and Douyu introduced their monetary effects for the primary quarter of 2021. A comparability of key monetary signs prompt that Huya as soon as once more outperformed Douyu within the first quarter. In particular, Huya registered an 8% year-on-year build up with web earnings of ¥2.60 billion ($397 million), in comparison to that of 2020 which was once ¥2.42 billion ($371 million). Douyu generated web earnings of ¥2.15 billion ($328 million) within the first quarter of 2021 with a 5.7% year-on-year build up in comparison to ¥2.28 billion ($349 million) in 2020, but recording a web lack of ¥70.7 million ($10.8 million), when compared with an adjusted web source of revenue of ¥296.9 million ($45 million) in the similar duration of 2020.

Douyu’s web loss is value noting because the platform has been embroiled in a chain of controversies and scandals. The deficient efficiency has additionally taken a toll on Douyu’s inventory value which has fallen over the last few weeks at the file that China’s antitrust regulator would possibly block Tencent, which owns stakes in Huya and Douyu, to merge the 2 platforms.

Different Esports Industry Information:

  • Yuxiao Dou, the CEO of Chinese language best Multi Channel Community (MCN) Elephant Bgoose Tradition, was once reportedly below custody for his involvement in opening casinos, in addition to arranging playing actions since all types of playing are unlawful below Chinese language legislation. Elephant Bgoose Tradition is a big MCN that makes a speciality of gaming reside streaming kols. Because of this delicate incident, Liu “PDD” Mou, former League of Legends skilled participant, and one of the crucial MCN’s shareholders would possibly as soon as once more droop his flow on Douyu. PDD quickly stopped streaming closing month because of match-fixing accusations. He quickly resumed streaming as no proof were discovered to verify the allegations.
  • Chinese language esports group Evolution Energy Gaming (EP Gaming) renewed its sponsorship maintain Chinese language gaming chair logo AutoFull. EP Gaming basically competes in CrossFire. Monetary phrases of the deal weren’t disclosed.
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