Chinese esports start - up fund has raised CNY100 m ( $ 15 m ) in a series A funding round led by global Sports Capital . Focusing on mobile gaming , FEG recently agreed a partnership with Tencent 's KPL to launch the Korea King Pro League , becoming the first international league for the mobile industry . The series A strategy reflects the growth and popularity of the sector and the strong future potential as FEG looks to construct a commercialisation model for global esports .
Chinese esports start-up FEG has raised CNY100m ($15m) in a series A funding round led by China Sports Capital. Focusing on mobile esports, FEG recently agreed a partnership with Tencent's KPL to create the Korea King Pro League, representing the first international league for the mobile industry. The series A investment demonstrates the growth and popularity of the sector and the strong future potential as FEG looks to construct a commercialisation model for global esports.