Chinese games giant Tencent has invested in Chinese esports tournament operator and production company Versus Programming Network (VSPN).
The size of the investment was not disclosed.
Tencent has big plans for esports, having last year revealed plans to create a $15 billion esports industry in China by 2022. Its plans include establishing esports leagues, tournaments and associations, as well as constructing esports-themed industrial parks.
VSPN is a subsidiary of mobile games company Hero Entertainment and organises tournaments for games such as Tencent’s own Honour of Kings, Supercell’s Clash Royale, PUBG Corp’s Playerunknown’s Battlegrounds, Riot’s League of Legends and others.
Interestingly Tencent already has influence over all the above mentioned companies. It owns a majority stake in Supercell, all of Riot Games and is thought to have a stake in Bluehole - which owns PUBG Corp.
It also owns a stake in film company Huayi Brothers, which previously invested $288 million in Hero Entertainment.