Tencent planning to pump $15 billion into esports

Eastern esports is well-known to be relished by governments due to its popularity and growing market. Many companies understand the potential future of esports in the area. Tencent, a chinese gaming company, however, has revealed a plan to accelerate this expansion drastically. The $14.6 billion scheme consists of creating leagues, tournaments, associations and focusing on local talent. Also , perhaps influenced by the recently shown Bethesdaland, esports-themed parks are also planned to pop up across China. The announcement reached the media last week.

Overwhelmed market researchers, who estimated a 1 billion dollar increase up to 2019, have foretold that such a soak up of funds will have uncontrolled prosperity. Yet, Tencent probably know something that other companies don’t. Being probably the most gaming involved organisation, through full property of Riot Games, a piece of Activision Blizzard and 84 percent of Supercell with a couple other super agreements. Gao Li is one of the minds behind the plan, as Tencent’s esports section and confidently remarked that there is expansive space for esports revenue to grow; there better be when you wish to invest $15 billion in it.

Everything is pointing towards the actualisation of the intention, with multiple agreements between Tencent and the Chinese government and other massive Chinese companies. China is preparing itself for the rapid bacterial surge to come from heavy investment. On the other hand, others are intercepting this expansion, such as Western esports organisations who wish to join the party. An example is Fnatic, which has carefully chosen a partner to benefit from the Asian gaming industry.

Tencent could potentially change the esports scene on a global scale, and who knows, perhaps we will finally witness esports as a medal event at the Olympic Events, not just at the Asian Games.