Chinese esports player VSPN closes $60M Series B+ round to boost its international strategy

Esports “total solutions provider” VSPN (Versus Programming Network) has closed a $60 million Series B+ funding round, joined by Prospect Avenue Capital (PAC), Guotai Junan International and Nan Fung Group.

VSPN facilitates esports competitions in China, which is a massive industry and has expanded into related areas such as esports venues. It is the principal tournament organizer and broadcaster for a number of top competitions, partnering with more than 70% of China’s esports tournaments.

The “B+” funding round comes only three months after the company raised around $100 million in a Series B funding round, led by Tencent Holdings.

This funding round will, among other things, be used to branch out VSPN’s overseas esports services.

Dino Ying, founder and CEO of VSPN, said in a statement: “The esports industry is through its nascent phase and is entering a new era. In this coming year, we at VSPN look forward to showcasing diversified esports products and content… and we are counting the days until the pandemic is over.”

https://ringsidereport.com/forumz/showthread.php?tid=25071&pid=48923#pid48923

http://theauctionboard.com/showthread.php?tid=84483

http://isbo.dk/showthread.php?tid=398013

https://youradblaster.com/showthread.php?tid=5118&pid=11674#pid11674

http://www.kadimkrallik.com/forum/thread-649.html

http://www.thaijudge.com/index.php?topic=103.0

http://www.thaijudge.com/index.php?topic=952.0

http://www.thaijudge.com/index.php?topic=1217.0

http://www.thaijudge.com/index.php?topic=52.0

http://www.thaijudge.com/index.php?topic=235.0

http://freedom.teamforum.ru/viewtopic.php?f=31&t=8909

https://pixarplanet.com/forums/viewtopic.php?f=18&t=144059

https://pixarplanet.com/forums/viewtopic.php?f=12&t=20694

https://pixarplanet.com/forums/viewtopic.php?f=18&t=68778

https://pixarplanet.com/forums/viewtopic.php?f=18&t=21926

https://pixarplanet.com/forums/viewtopic.php?f=18&t=213179

https://pixarplanet.com/forums/viewtopic.php?f=18&t=38977

https://pixarplanet.com/forums/viewtopic.php?f=18&t=25762

https://pixarplanet.com/forums/viewtopic.php?f=18&t=89255

https://plainnuts.com/showthread.php?tid=2633&pid=9277

http://rewe.cc/wow/viewtopic.php?p=307892

http://rewe.cc/wow/viewtopic.php?p=344340

http://rewe.cc/wow/viewtopic.php?p=339030

http://rewe.cc/wow/viewtopic.php?p=235501

Ming Liao, the co-founder of PAC, commented: “As a one-of-its-kind company in the capital market, VSPN is renowned for its financial management; these credentials will be strong foundations for VSPN’s future development.”

Xuan Zhao, head of Private Equity at Guotai Junan International said: “We at Guotai Junan International are very optimistic of VSPN’s sharp market insight as well as their team’s exceptional business model.”

Meng Gao, managing director at Nan Fung Group’s CEO’s office said: “Nan Fung is honored to be a part of this round of investment for VSPN in strengthening their current business model and promoting the rapid development of emerging services and the esports streaming ecosystem.”

http://rewe.cc/wow/viewtopic.php?p=299296

http://rewe.cc/wow/viewtopic.php?p=310929

http://rewe.cc/wow/viewtopic.php?p=280615

http://rewe.cc/wow/viewtopic.php?p=224682

http://www.forum.konferencje.com/viewtopic.php?t=102616

http://www.forum.konferencje.com/viewtopic.php?p=271427

http://www.forum.konferencje.com/viewtopic.php?p=270346

http://www.forum.konferencje.com/viewtopic.php?t=48834

http://www.forum.konferencje.com/viewtopic.php?t=48356

http://www.forum.konferencje.com/viewtopic.php?t=48879

http://www.forum.konferencje.com/viewtopic.php?t=70231&start=0&postdays=0&postorder=asc&highlight=

http://www.forum.konferencje.com/viewtopic.php?p=275528