Shanghai hosts ‘Game For Peace’ e-sports tournament Description video: Fifteen e-sports teams from Asia, Europe and North and South America have gathered in Shanghai for the two-day Peace Elite Championship for a prize pool of 12 million RMB ($1.8 million). […]
Shanghai hosts ‘Game For Peace’ e-sports tournament
Fifteen e-sports teams from Asia, Europe and North and South America have gathered in Shanghai for the two-day Peace Elite Championship for a prize pool of 12 million RMB ($1.8 million). Learn more. https://bit.ly/3now93m\n\nWatch CGTN LIVE on your computer, tablet or mobile\r\nhttp://america.cgtn.com/livenews\r\n\r\nSubscribe to CGTN America on YouTube\r\n\r\nFollow CGTN America:\r\nTwitter: @cgtnamerica\r\nFacebook: @cgtnamerica\r\nInstagram: @cgtnamerica\r\nTikTok: @cgtnamerica
Shanghai begins construction of $ 898 million esports arena
Shanghai is already a hub for major esports tournaments and events and continues to build infrastructure in its quest to become the world’s gaming capital.
E-sports are competitive video games that are rapidly gaining momentum around the world. Over the past few years, esports tournaments have filled entire stadiums and video game fans have flocked in droves to watch their favorite players..
A site called «Shanghai International Emerging Cultural and Creative Center for Esports» (Shanghai International New Cultural and Creative E-sports Center) will cost 5.8 billion yuan ($ 898.2 million) and will cover an area of about 500,000 square meters. The facility is designed as a hub where eSports teams and companies can be based, which will also house a hotel.
Shanghai positions itself as a global hub for esports. The city hosted the world championship last year «League of Legends» (League of Legends) is one of the biggest events in the international esports calendar.
The esports industry continues to grow rapidly and video game market research company Newzoo estimates it will generate $ 1.1 billion worldwide in 2020. China is the largest esports market in the world according to Newzoo.
Meanwhile, according to another research firm Niko Partners, 70% of China’s 720 million gamers are engaged in esports. So the market has a lot of potential.
SuperGen, the Chinese parent company of the Edward Gaming esports team, is the main sponsor of the Shanghai complex.
Esports center to open in 2024 according to local media reports.