ONE Championship to invest up to US$50m in e-sports with partners
Singapore
SINGAPORE-BASED martial arts organisation, ONE Championship, on Wednesday said it intends to lead a plan to invest up to US$50 million alongside key partners, including Singapore companies Razer and Singtel, to create Asia's largest global e-sports championship series - ONE eSports.
ONE Championship and Dentsu, Japan's largest global advertising agency, have agreed to launch ONE eSports as a joint venture together in 2019. Razer, Singtel and other top industry players have also entered into partnership Memoranda of Understanding with ONE eSports to lead Asia's e-sports industry together.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Startups
High Court dismisses bid by co-founder and CTO to liquidate Cake Group
Semiconductor unicorn Silicon Box vows to avoid geopolitical mire
A cheat sheet of startup and tech M&As in South-east Asia
Zilingo ex-CEO’s criminal complaint is retaliation against whistleblowers: source
Gojek and ComfortDelGro Taxi to send untaken rides to each other’s platforms
SG fintech firm Bambu shuts down after missing profit targets, says founder