×
You will be redirected back to your article in seconds

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

  • Facebook Logo

    Facebook Watch Signs Content Pact With France's M6, Unveils European Short-Form Slate

    Facebook Watch has inked a content pact with French channel M6 and unveiled a slate of short-form content from European digital publishers for the platform. The deal with M6 will see the French broadcaster place spinoff programming from some of its hit shows on Facebook Watch. M6 will run pre- and after-show clips, interviews, and [...]

  • Snow White

    What's Coming to Disney Plus Starting in November

    Disney unveiled the complete list of films to premiere on its streaming service Disney Plus via a lengthy Twitter thread Monday. With its powerhouse catalog including Marvel, Pixar, Star Wars, and National Geographic properties, the full magnitude of the Disney empire will be seen once the streaming service launches. Along with Disney originals previously announced [...]

  • Stock market

    Trading In Music's Futures: How to Cash In on the Industry's Gold Rush (Guest Column)

    The music industry is entering a time of financial prosperity thanks to the widespread use of streaming services like Spotify, Apple Music, and Tidal. According to a recent report by Musicwatch, 77% of all internet users in the U.S. stream music, while Goldman Sachs projects a revenue pot of $34 billion by 2030. Finally, the [...]

  • Grace Helbig

    Grace Helbig Hosting Facebook Watch Show 'Ladies First' About Empowered Women

    Longtime YouTube creator Grace Helbig has a new series — coming to Facebook Watch. In the unscripted eight-episode show “Ladies First with Grace Helbig,” set to premiere Tuesday, Oct. 22, the digital star sits down with a series of “empowered women” to learn about how they’re making a positive impact. Guests include actress-comedian Margaret Cho, [...]

  • Fortnite-Season-X-Out-of-Time

    'Fortnite' Goes Dark: A Masterful Marketing Stroke by Epic Games

    On Sunday, “Fortnite” — the most popular game on Earth right now — without warning, imploded into darkness. At around 2 p.m. ET on Oct. 13, a meteor in Season 10 of “Fortnite” that had been biding its time set off a cataclysmic chain reaction that sucked up everything on the the island and eventually [...]

  • reddit-snapshat-sharing

    Reddit Adds Snapchat Sharing to Its iOS App

    In a first such integration with other social networks, Reddit has added an option to share content from its iOS app to Snapchat. iPhone users can now share Reddit posts with their contacts on Snapchat, or add Reddit content to their Snapchat stories. Anything shared on Snapchat includes a special Reddit sticker, and links back [...]

More From Our Brands

Access exclusive content