Perfect World CEO Dr. Robert H. Xiao: the COVID-19 pandemic will stimulate new growth across the e-sports industry

Perfect World Co., Ltd.

PR85023

 

SHANGHAI, Aug. 5, 2020 /PRNewswire=KYODO JBN/ --

 

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.

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