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Alibaba Invests $150 Million in International eSports Federation

Thursday, July 28, 2016 : MAJOR BOOST FOR INTERNATIONAL E-SPORTS
 
Top Chinese e-commerce group invests $150 million in the International eSports Federation.
 
The massive Chinese e-commerce group Alibaba, working through its subsidiary Alisports, has announced a $150 million (a billion yuan) investment in Jack Mas International e-Sports Federation.
 
The move follows an announcement by Alisports in March this year that it had invested $5.5 million in the "World Electronic Sports Games" a eSports tournament hosting disciplines such as Dota 2, CS:GO, StarCraft 2 and Hearthstone (see previous InfoPowa reports).
 
The arrangement with the International e-Sports Federation is an exclusive partnership with the organisation, which claims that it is the governing body for eSports activities in 47 nations.
 
Member countries include South Korea, China, Australia, Russia, Finland, Italy and Norway.
 
The partnership has ambitions to create a tournament in which all eSports players, both amateur and professional, can compete. It will also seek international recognition for eSports as a legitimate sporting activity that can be included in major global events like the Olympics.
 
On a practical level, the partners also propose the creation of unique intellectual property rights germane to eSports.
 
International e-Sports Federation president Byung Hun Jun said in a statement that the partnership with Alisports was a major step forward by his organisation, in which the partners would maximise each others strengths and enhance efforts to engage with more eSports fans internationally.
 
There are plans to invest in the construction of eSports stadia across China, Alisports chief executive Zhang Dazhong revealed, saying:
 
"IeSF has been committed to promoting the eSports movement in the mainstream, including pushing it into the Olympic Games, which is consistent with our ideal. I believe the two sides will jointly promote the development of the global e-Sports industry.”



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NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title - It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.

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50 WSOP Seat Satellite - Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.

NHL Odds: Series Tied Heading Back to Pittsburgh - As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.

Huge Win at Bitstarz Casino - There has been plenty of big wins being landed at BitStarz lately, and yesterday, it was time again. Surprisingly it was yet another Amatic game that made one lucky player extra happy as he raked in an incredible $112,402 during an evening of intense playing.

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