Chinese

Shanghai begins construction of $ 898 million esports arena

Summary

Building Esports Arena Description video: After 2 years of design, permits, and construction… North America’s first dedicated eSports Arena is complete. For events and information go to www.esportsarena.com\n\nThank you to Jakosky Properties, Bob Uchytil, Oak Tree Construction Services, CyberpowerPC, Corsair, […]

Building Esports Arena

Description video:
After 2 years of design, permits, and construction… North America’s first dedicated eSports Arena is complete. For events and information go to www.esportsarena.com\n\nThank you to Jakosky Properties, Bob Uchytil, Oak Tree Construction Services, CyberpowerPC, Corsair, and DTSA!

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.

Shanghai begins construction of $ 898 million esports arena

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.