Guotai Junan International to collaboratively boost China esports industry development

KUALA LUMPUR, Jan 22 -- Guotai Junan International Holdings Limited (Guotai Junan International, the Group or the GTJAI) will join hands with the Nan Fung Group and Prospect Avenue Capital (PAC) to collaboratively boost development of China esports industry, supporting Versus Programming Network (VSPN).

According to a statement, this is to expand its scale and influence in the esports eco-system, consolidating its market leader position as well as creating standardised and professional competitive sports events.

GTJAI Head of the Private Equity Investment, Peter Chiu, who is in charge of this project said: “As a market leader in China's esports industry, VSPN has occupied a leading position in event hosting and broadcasting business.

“Its keen market perspective in the esports industry along with business experience of its elite team will advance deeper levels in VSPN’s business layout which promotes the internationalisation of VSPN esports events, and gradually reaches the giant global commercial sports field.”

The esports industry is one of the sectors that has been greatly encouraged and supported by the government’s policies in recent years.

GTJAI actively responds to and participates in the government’s policies of upgrading the esports industry structure and promoting the cultural and entertainment industry as well as the economic development through esports events.

In addition, participation in this project enables GTJAI to provide quality products for current wealth management clients, promote the efficient integration and development of various businesses of the Group, to achieve win-win situations with clients.

-- BERNAMA