Shrinkzxo Profile Joined August 2014 Dotoland 268 Posts #1 IG Owner In Talks to

Acquire WCG

Wang Sicong, owner of Invictus Gaming and son of one of China’s richest men Wang Jianlin, is in talks with Samsung to buy the World Cyber Games (WCG) franchise, LiquidDota understands. According to



Mr. Wang entered the realm of esports in 2011 and has since set up Invictus Gaming (the gaming club whose Dota team has gone on to win the International in 2012) as well as the streaming platform Panda.tv and the gaming firm Banana Gaming Media (BGM). BGM attracted more than 150 million RMB (≈$22 million USD) with the main investors being an investing fund owned by Beijing Municipal Government and International Data Group, an American marketing firm. BGM has had a close relationship with Tencent, the operator of League of Legends in China, and organized Tencent LoL Pro League in China since late 2015 before Tencent decided to take back the organizing rights back earlier this year.



BGM has hired Pei Le, better known as WE.King, who is the founder of the team World Elite and the CEO of ACE, the main governing body of Chinese Dota. They have also hired a part of a production team from OGN as well as numerous former senior executives in the entertainment industry. BGM has founded its own League of Legends tournament, the BEST series, putting itself in direct competition with Tencent. The possible purchase of WCG franchise might well put it into conflict with another component of the “Chinese Internet holy trinity,” Alibaba, which just concluded it's first edition of WESG in Changzhou, China.



No matter how the situation unfolds, the problem of facing too many choices might soon fall upon Chinese, and possibly global esports fans.



Source: http://weekly.caixin.com/2017-01-20/101047489.html

Writer: Shrinkzxo

Editors: Julmust & Bluemoon Wang Sicong, owner of Invictus Gaming and son of one of China’s richest men Wang Jianlin, is in talks with Samsung to buy the World Cyber Games (WCG) franchise, LiquidDota understands. According to Caixin , a globally respected Chinese magazine on economics and finance, Wang started the negotiation in ‘early 2016.'Mr. Wang entered the realm of esports in 2011 and has since set up Invictus Gaming (the gaming club whose Dota team has gone on to win the International in 2012) as well as the streaming platform Panda.tv and the gaming firm Banana Gaming Media (BGM). BGM attracted more than 150 million RMB (≈$22 million USD) with the main investors being an investing fund owned by Beijing Municipal Government and International Data Group, an American marketing firm. BGM has had a close relationship with Tencent, the operator of League of Legends in China, and organized Tencent LoL Pro League in China since late 2015 before Tencent decided to take back the organizing rights back earlier this year.BGM has hired Pei Le, better known as WE.King, who is the founder of the team World Elite and the CEO of ACE, the main governing body of Chinese Dota. They have also hired a part of a production team from OGN as well as numerous former senior executives in the entertainment industry. BGM has founded its own League of Legends tournament, the BEST series, putting itself in direct competition with Tencent. The possible purchase of WCG franchise might well put it into conflict with another component of the “Chinese Internet holy trinity,” Alibaba, which just concluded it's first edition of WESG in Changzhou, China.No matter how the situation unfolds, the problem of facing too many choices might soon fall upon Chinese, and possibly global esports fans. Translator https://twitter.com/shrinkzxo