Country for PR: China
Contributor: PR Newswire Asia (China)
Wednesday, August 05 2020 - 04:20
Perfect World CEO Dr. Robert H. Xiao: the COVID-19 pandemic will stimulate new growth across the e-sports industry
SHANGHAI, Aug. 5, 2020 /PRNewswire-Asianet/ --

Perfect World CEO Dr. Robert H. Xiao delivered a speech at the 2020 Global 
Esports Conference held in Pudong, Shanghai on August 1 at which he said, "Last 
year, Perfect World successfully assisted in the hosting of the 9th 
International DOTA2 Championships (TI9) in Shanghai. Looking ahead, we hope to 
join hands with the government as well as upstream and downstream partners 
across the industrial chain to promote mutually beneficial cooperation and 
create a win-win situation."

Dr. Xiao said in his speech that technological innovation is the growth engine 
for the e-sports industry. 5G+, artificial intelligence (AI) and VR/AR can all 
be expected to deliver an unprecedented sense of participation and experience 
to e-sports, consolidate the advantages of e-sports through a fusion of 
internet technology, entertainment and sports, attract and nurture more 
e-sports talents, disrupt the current e-sports business model, and promote the 
rapid development of the industry.

According to data from the game publishing committee of the China Audio-Video 
and Digital Publishing Association, China's e-sports market generated actual 
revenue from sales of 71.936 billion yuan in the first half of 2020, an 
increase of some 55 percent compared to the prior-year period. China's e-sports 
user base reached 484 million, up nearly 10 percent. China has now become the 
world's largest e-sports market.

Source: Perfect World Co., Ltd.