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VSPN reportedly considering IPO


Chinese esports company Versus Programming Network (VSPN) is reportedly pondering an initial public offering in the US.
According to Bloomberg, the IPO could happen as soon as this year and could raise several hundred million dollars, a source close to the matter told the publication.
The process is still at a very early stage, so details are very scarce at the moment.
VSPN, also known as Xi an Quantum Sports Management Co, was founded in 2016 and is currently headquartered in Shanghai. It also has offices in Indonesia, Saudi Arabia, South Korea, and the US.
It specialises in esports tournaments for titles such as Honor of Kings, PlayerUnknown s Battlegrounds, and Clash Royale. ....

Saudi Arabia , South Korea , Nan Fung Group , Programming Network , Guotai Junan International , Xian Quantum Sports Management Co , Versus Programming Network , Tiantu Capital , Lighthouse Capital , Prospect Avenue Capital , Nan Fung , சவுதி அரேபியா , தெற்கு கொரியா , நான் பூஞ்சை குழு , ப்ரோக்ராமிஂக் வலைப்பின்னல் , ஐயியாந் குவாண்டம் விளையாட்டு மேலாண்மை இணை , எதிராக ப்ரோக்ராமிஂக் வலைப்பின்னல் , கலங்கரை விளக்கம் மூலதனம் , ப்ராஸ்பெக்ட் அவென்யூ மூலதனம் , நான் பூஞ்சை ,

Chinese gaming firm Quwan Network bags $100m from Matrix Partners China, Orchid


Chinese gaming firm Quwan Network bags $100m from Matrix Partners China, Orchid
Customers at an internet cafe play online games in Beijing. Photographer:Nelson Ching/ Bloomberg
February 2, 2021
Chinese social gaming and internet company Guangzhou Quwan Network Technology Co.,Ltd has announced the completion of a $100 million Series B round funding from Asia-focused investment firm Orchid Asia and existing investor Matrix Partners China, the latter investor announced on Monday.
Quwan had raised an undisclosed Series A round led by Matrix Partners China in April 2020.
The development comes as China’s esports industry is experiencing dramatic growth with total revenues in 2020 amounting to $1.1 billion, up 15.7% from 2019, according to games & esports market researcher Newzoo. ....

Programming Network , Guangzhou Quwan Network Technology Co Ltd , Orchid Asia , Matrix Partners China , Versus Programming Network , Prospect Avenue Capital , Southeast China , Heading Wang , ப்ரோக்ராமிஂக் வலைப்பின்னல் , ஆர்கிட் ஆசியா , அணி கூட்டாளர்கள் சீனா , எதிராக ப்ரோக்ராமிஂக் வலைப்பின்னல் , ப்ராஸ்பெக்ட் அவென்யூ மூலதனம் , தென்கிழக்கு சீனா , தலைப்பு வாங் ,

Chinese esports player VSPN closes $60M Series B+ round to boost its international strategy – TechCrunch


Chinese esports player VSPN closes $60M Series B+ round to boost its international strategy
Esports “total solutions provider” VSPN (Versus Programming Network) has closed a $60 million Series B+ funding round, joined by Prospect Avenue Capital (PAC), Guotai Junan International and Nan Fung Group.
VSPN facilitates esports competitions in China, which is a massive industry and has expanded into related areas such as esports venues. It is the principal tournament organizer and broadcaster for a number of top competitions, partnering with more than 70% of China’s esports tournaments.
The “B+” funding round comes only three months after the company raised around $100 million in a Series B funding round, led by Tencent Holdings. ....

Meng Gao , Dino Ying , Aming Liao , Nan Fung , Xuan Zhao , Tencent Holdings , Nan Fung Group , We At Guotai Junan International , Programming Network , Guotai Junan International , Equity At Guotai Junan International , Versus Programming Network , Prospect Avenue Capital , Private Equity , மெங் கொ , டினோ யிங் , மிங் லியாவோ , நான் பூஞ்சை , வைவாந் ழோ , நான் பூஞ்சை குழு , ப்ரோக்ராமிஂக் வலைப்பின்னல் , எதிராக ப்ரோக்ராமிஂக் வலைப்பின்னல் , ப்ராஸ்பெக்ட் அவென்யூ மூலதனம் , ப்ரைவேட் பங்கு ,