September 6: According to Sina.com, two Sichuan-based companies have reached a partnership at The Asia-Pacific International Cyber Games Summit Forum 2017 hosted in Mianyang, Sichuan Province have jointly set up a special fund for the eSports industry.
The two companies will reportedly invest RMB 5 billion to this fund, which was set up in the support of projects specializing in games development, eSports events promotion, talent development, venue construction and other eSports-related services.
A representative of one of these fund investors disclosed that the fund would be available for prospective projects around China but that Sichuan Province would be the key priority area.
Data has shown that China's eSports market generated over RMB 35 billion in the first half of 2017, an increase of 43.2% than 2016 and making up 36.1% of the overall gaming market.
Proofread by Raymond Fitzpatrick