Tencent is helping the Chinese island of Hainan become an esports hub
Tencent owns the U.S.-based Riot Games, the developer behind League of Legends.
Chinese gaming-and-entertainment giant Tencent Holdings Ltd. has announced that this year’s edition of its annual global esports summit will take place at the Hainan Boao Asia International Conference Center on the Chinese island of Hainan—the same venue as last year. (The specific dates and other details have yet to be released.)
At the 2019 summit, the government of Hainan, which cohosts the event with Tencent, announced that the province planned to allocate the equivalent of US$145.6 million for building a “global esports harbour”.
The island’s authorities reiterated that commitment last week. According to China’s Xinhua News Agency, the project—which is now being called Hainan International E-sports Port “will focus on the development and construction of industry incubation, event landing, and talent cultivation in an industry-standard system”.
One June 30, Xinhua quoted Tencent Games’ vice-president and ESports CEO Hou Miao as saying, “Tencent, as one of the leading digital content companies in China, highly values Hainan’s favorable position for [the business’s] international reach and the island’s potential for tourism and trade…. We will make efforts to make e-sports a new hallmark of Hainan’s culture.”
Tencent owns the U.S.-based Riot Games, the developer behind League of Legends. The company also has part ownership of such games as PUBG, Fortnite, and Clash of Clans.