After the conclusion of CS:GO Asia Summit yesterday, Perfect World announced a new tournament with $300,000 prize pool held in Shanghai, China.

South Korean powerhouse MVP PK secured themselves a slot in the upcoming event after defeating Grayhound in the grand final of CAS 2018, which was confirmed by the Chinese organizer.

The official name of the new tournament is "CS:GO Asia Championships" (CAC), an invitational event that will see more world-class teams invited to play in the East. Dates have not been revealed, but it is expected to take place in June.

Perfect World announces $300,000 event in China

Natus Vincere is the first team invited to the eight-team competition. Here is the current list of participants:

On Twitter, PGL has confirmed that they will be collaborating with the Chinese organizer for CS:GO Asia Championships 2018 as part of their latest project. More details will be revealed after the ongoing DOTA2 Asia Championships (DAC), with both tournament organizers currently involved with the event.