Tencent is one of the key names in the global gaming and esports industry and the company has shown that they are in the business “for the long haul” after their latest round of investments, according to one game industry analyst.
Chundi Zhang commented that the latest round of investments from Tencent, accompanied by the earlier investments by the company showed that it had a clear long-term vision for the future of the esports industry.
“Tencent’s investing in esports for the long haul because it breaks the boundaries between different businesses,” explained Mr. Zhang.
Bigger Than The NBA
As the key player in the Asian gaming and esports market, Tencent has high hopes for the esports and esports betting industry. It’s vision is that one day Esports gaming will be comparable in size, scope, and popularity to the NBA.
That lofty ambition is not unrealistic, especially when you consider almost the same number of people tuned in to watch the League of Legends World Championship finals (hosted by Tencent) as the six games that made up the 2020 NBA Finals.
However, what is interesting in this latest round of investment is that Tencent is not just looking at investing in other esports companies, but also in the company’s games and the players that play them.
“Vehicle of Art and Entertainment”
Tencent’s plan is to improve the