$15 billion into esports for Tencent

$15 billion into esports for Tencent
eSports Investments

Chinese internet giant Tencent has unveiled a five year plan to accelerate its esports expansion and create a 100-billion-yuan ($14.6 billion) esports market in China. The plan involves setting up leagues, tournaments, and associations, but also nurturing talent and constructing esports-themed parks in China, the company announced Friday at a press conference, according to a report from Chinese media group Caixin.

The company wants to boost the already booming Chinese esports industry via its esports subsidiary—pouring nearly $15 billion into the market would be an unprecedented cash-injection. To put things in perspective, market researchers suggest that the global esports market will surpass the $1 billion margin sometime between 2017 and 2019.

Tencent is inarguably the most-involved company in gaming. It’s investments are widespread and include some of the biggest gaming companies. Tencent fully owns League of Legends developer Riot Games, has a minority stake in Activision Blizzard, and owns 84 percent of Finnish mobile game developer Supercell, to only name a few of its investments.

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