Esports continues to boom in China; Tencent invests $100m into VPSN

The company already hires over 1000 people across 5 business divisions.

Esports continues to boom in China; Tencent invests $100m into VPSN | BEAMSTART News

In the mobile-first world of China, esports continues to grow at an exponential rate, reaching both young and old people from all walks of life.

Tencent, presently already the largest game developer in the world, continues to invest heavily to dominate this market. Recently, the company made a $100 million Series B investment into VSPN (Versus Programming Network)

VSPN, which calls itself a "total solutions provider" for esports, was founded in 2016 in Shanghai. The company was one of the early pioneers of organizing esports tournaments and content creation out of Asia. 

CEO of VSPN, Dino Ying.

Moving forward, the funding round will go towards bolstering VSPN's esports products within its ecosystem in China and across Asia.

VSPN said it will continue to focus on building an esports short-form video ecosystem much like TikTok, improving the quality of esports content creation, and reaching more users via different channels. The company presently hires over 1000 employees across 5 business divisions.

"We are delighted to announce this latest round of funding. Thanks to policies supporting Shanghai as the global center for esports, and with Beijing, Chengdu, and Xi’an expressing confidence in the development of esports, VSPN has grown rapidly in recent years. After this funding round, we look forward to building an esports research institute, an esports culture park, and further expanding globally. VSPN has a long-term vision and is dedicated to the sustainable development of the global esports ecosystem", mentioned Dino Ying, CEO of VSPN.

Latest Jobs

News Editor

British Broadcasting Corporation

Hong Kong, Hong Kong (香港)

Full Time

Salary Undisclosed

Full Stack Developer - Financing Domain

OnDemand Agility


Full Time

SGD 4050 — SGD 4300 monthly

EA Personnel (Work Pass)

Trinity Employment


Full Time

SGD 2000 — SGD 3500 monthly

Senior Events Manager/ Director

Thomson Reuters

Singapore , Singapore

Full Time

USD 17000 — USD 25000 monthly

Digital Marketing Intern

Undrcut Digital Marketing



SGD 1000 — SGD 1500 monthly

Influencer Marketing Associate


Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer


Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital


Full Time

SGD 2500 — SGD 5000 monthly

Investment Analyst

Accial Capital


Full Time

SGD 4000 — SGD 6000 monthly

Enterprise Solution Project Manager

Jakarta, Indonesia

Full Time

SGD 2000 — SGD 2100 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.


Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).