Chinese esports start-up FEG has raised CNY100m (close to 100 million Chinese Yuan) 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.
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.