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The Global Esports Federation has entered a partnership with Versus Programming Network following the inaugural Commonwealth Esports Championships in Birmingham.
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 tourna...
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 C...
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 ...
2 months ago HONG KONG–(BUSINESS WIRE)– Guotai Junan International”, the “ GTJAI”, Stock code: 1788.HK) announced that the Group will join hands with Nan Fung Group and Prospect Avenue Capital (PAC) to collaboratively boost development of China esports industry, supporting Versus Programming Network (“VSPN”) to expand its scale and influence in esports eco-system, consolidating its market leader position as well as creating standardized and professional competitive sports events. The esports industry is one of the sectors that has been greatly en...