Google enters Chinese e-sports market in $120mn Chushou funding round

Alphabet’s Google has invested in Chinse live-stream mobile gaming platform, Chushou.

The tech giant has led a $120mn investment in the start-up, which was founded in 2015.

The exact stake Google has taken remains undisclosed, as does the start-up’s value after funding.

See also:

Alphabet invests $1bn in Uber rival Lyft

Google’s Accelerator Launchpad includes 10 Asian companies

Business Chief, Asia edition – January 2018 out now!

Chushou is an online e-sports platform allowing users to live stream their mobile phone games. The service has around 8mn streamers and operates round 250,000 live streams every day.

The firm hopes Google will help it expand overseas.

For Google’s part, the tech firm is still trying to break into the Chinese market where its main web platform remains blocked. This will be Google’s second investment in a Chinese start-up after it took part in a $75mn fundraising round for Mobvoi, an AI company based in Beijing, gaining a minority stake.

In addition to this foray into Chinese artificial intelligence, just last year Google launched an AI lab in China.

In a statement, Frank Lin of Google’s North Asia division said: “Chushou has built an impressive platform, with a dedicated and quickly growing base of content creators and consumers, and smart expansion plans”.


Featured Articles

Create C-suite space for the Chief Transformation Officer

Responsible for driving growth and change, the Chief Transformation Officer is the latest addition to the C-suite as business undergoes major change

12 AI predictions for the enterprise in 2023 – Dataiku

With 2023 likely to be a huge year for AI, experts from AI platform provider Dataiku deliver their enterprise AI and ML trends for the year ahead

Welcome to the new breed of private members' clubs

The pandemic has given birth to a new breed of private members’ clubs where work and play merge, membership and spaces are curated, and community matters

Welcome to the New Age of the CISO

Leadership & Strategy

Making the UAE the world’s strongest digital fortress


World Mental Health Day – 10 apps to improve wellbeing

Leadership & Strategy