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Shanghai to Build an eSports Arenas of US$898 Million

Anelis May by Anelis May
4 years ago
in Asia News
shanghai esports

Picture Source: Coliseoum

Shanghai has just built an eSports center with a fantastic price of US $ 898 million. The building further made Shanghai one of the leaders in the industry.

Named the Shanghai International New Cultural and Creative eSports Center, the building is located on a land area of ​​500 thousand square meters, quoted by CNBC, Wednesday (5/1/2021).

The building will be used for the entire eSports ecosystem. For example, teams and companies can be based there and also provide hotels.

Big Chinese eSports Team Supports eSport Arena

One of the parties supporting the development is the big Chinese eSports team Edward Gaming, Super Gen. Meanwhile, it is hoped that the eSport Hub building can be enjoyed by the community in two years.

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Shanghai is already known to be a big supporter of the eSports industry. One of them is by hosting the biggest world championship called League of Legends.

Esports continues to show positive trends globally. One that has great market potential is China.

According to a number of reports China recorded fantastic figures both from revenue to the number of eSports players. For example, a report from a gaming market research firm, Newzoo, said that last year the country generated US $ 1.1 billion from gaming alone.

In addition, China also seems to have great potential in the industry, with a report from Niko Partners saying that there are 720 million gamers and 70% of them participate in eSports.

 

Read now: PUBG Prepares for a Comeback in India

Tags: chinaesportsShanghai
Anelis May

Anelis May

I love all types of content. Financial news is my specialty though. Full time writer about Financial news, economics, market trends, politics enthusiast and more.

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