×

Google Makes Investment in China e-Sports Firm Chushou

Google has headed the latest funding round of Chinese e-sports startup Chushou TV. Google does not currently operate its core businesses in China and the deal is only Google’s second investment deal in the country.

Founded in 2015, Chushou operates a platform where gamers can live stream their mobile phone game activities. It claims to have 90 million viewers, 8 million streamers and some 250,000 live streams per day.

In a joint statement, the two companies said that Google is joining existing investors in a Series D funding round, in which Chushou raised some $120 million. The value of Google’s investment was not disclosed, though Chinese media have reported it as $77 million (RMB500 million.)

“Chushou has built an impressive platform, with a dedicated and quickly growing base of content creators and consumers, and smart expansion plans. We’re excited to be supporting Chushou through this investment to help them execute those plans, bringing great mobile gaming content to more people around the world,” said Frank Lin, Google’s head of corporate development in North Asia, according to the statement.

Google pulled its search business out of China in 2010 after it decided not to comply with mainland Chinese requirements on censorship, and relocated its Chinese-language business to Hong Kong, which operates under different jurisdiction. Access within mainland China to most of Google’s products – notably search, maps and YouTube — are blocked by China’s technological defense system, colloquially known as The Great Firewall of China.

Being unable to operate the world’s most populous country is problematic for the otherwise global technology giant, and Google has recently appeared to step up contact.

In 2015 it invested in Chinese artificial intelligence startup Mobvoi. In December last year, Google opened an AI research lab in China. The same month Google CEO Sunder Pichai attended the World Internet Forum in Wuzhen.

More Digital

  • MoviePass card

    MoviePass Has Lost Over 90% of Its Subscribers in Less Than a Year (Report)

    MoviePass users apparently hit the exits en masse after it scaled back the number of movies users could see each month: The flailing cinema-subscription provider has seen its subscriber rolls plunge from a peak of more than 3 million to just 225,000 in under a year, according to a new report. The numbers were reported [...]

  • The Nashville, Tenn. downtown area and

    Nashville City Council Sides With Songwriters Against Streamers’ CRB Appeal

    Nashville city leaders have sided against the streaming services Amazon, Spotify, Google and SiriusXM/Pandora in the appeal of the Copyright Royalty Board’s decision that would give songwriters a pay raise. The Nashville Metro Council adopted the resolution as part of its consent agenda earlier this week, although the move is “purely symbolic” and the streamers [...]

  • YouTube Comes to Fire TV as

    Fire TV Gets Official YouTube App, Amazon Video Goes Live on Google Devices

    Amazon and Google have finally made peace: The two companies have agreed to bring their video services to each other’s devices in the coming months. At that point, Fire TV users will be able to access the official YouTube app, and Chromecast and Android TV users will finally be able to watch Amazon Video. The [...]

  • Verizon Media Launches 5G Studio in

    Verizon Media Opens 8 Studios Globally, Including 5G Studio in Los Angeles (EXCLUSIVE)

    Verizon Media, the telco’s content subsidiary formerly known as Oath, has been busy building out its network of video production facilities around the world: In the first few months of this year, Verizon Media opened or upgraded studios in New York, London, Paris, Singapore, Hong Kong, Brazil and Australia. In addition, it also launched a [...]

  • View Conference Opens Registration for 2019

    2019 View Conference Opens Registration, Calls for Short Film Competition Entries

    Registration is now open for the 2019 edition of the View Conference in Turin, Italy. No speakers have been announced yet, but past conferences have featured some of the world’s top creative talents in visual effects, animation, gaming, virtual reality, augmented reality and mixed reality. Last year’s edition featured composer Hans Zimmer, Paramount Animation topper [...]

  • Anne del Castillo Named NYC's Commissioner

    Anne del Castillo Named New York City's Commissioner of Media and Entertainment

    The film and TV industries in New York City have a new boss: Anne del Castillo, who has been tapped by Mayor Bill de Blasio to serve as commissioner of the Mayor’s Office of Media and Entertainment. Del Castillo had served as general counsel and chief operating officer of MOME since 2015. She succeeds Julie [...]

More From Our Brands

Access exclusive content