China Weekly: Sports star invests in eSports; LoL tournament sponsorship priced over $4.4M; Baofeng VR cuts jobs while MI launches new VR product
November 4th, 2016 | /china-weekly-sports-star-invests-in-esports-lol-tournament-sponsorship-priced-over-4-4m-baofeng-vr-cuts-jobs-while-mi-launches-new-vr-product/
Chinese streaming platforms duke it out for streaming rights to League of Legends 2017 championship series
The bid price for the tournament’s main sponsorship position is starting at ￥30M ($4.4M), double from last year’s ￥15M ($2.4M). Riot is only making four broadcasting licenses available for live-streaming, with a starting bid price of ￥15M ($2.2M). Rumor has it that Panda, Quanmin and Zhanqi each won licenses for over ￥20M ($3M) each. Despite these high official prices, broadcasting piracy remains a major problem. Interestingly, broadcast piracy in China is not regulated under IP laws but rather “unfair competition” regulations.
Former NBA player and China’s most influential CBA star Stephon Xavier Marbury announces his own eSports team.
Five days before the new Chinese Basketball Association season, the Beijing Core’s Stephon Marbury announced plans to establish an eSports team. Most details, including which games his team would focus on, are still unclear but Marbury’s announcement triggered an avalanche of discussion on Chinese social media.
Baofeng Group’s Baofeng Mojing project loses half its staff
As one of the earliest pioneers in China’s VR industry, Baofeng Mojing was considered a front-runner for China’s market. However, recent news sources indicate the company has laid off almost half its staff. Some see this as a sign that investor enthusiasm for VR is China is waning, with Baofeng paying the price for moving into VR too quickly.
Mi reveals premium mobile VR headset
Smartphone manufacturer Mi (XiaoMi) unveiled a new mobile VR headset at its October 25 launching event. The Mi headset will be in open beta through November at a starting price of ￥199 ($30). The headset is compatible with the Mi phone 5, 5S, 5S Plus, Mi note 2 and many other Mi series devices. The headset includes a built-in motion sensor and optimization for 16ms ultra-low latency minimize nausea. It also comes with a 9-axis motion controller to support a wider range of motions. Xiaomi’s app store will provide over three hundred 360° videos and thirty VR games. The previous “toy version” Mi VR headset (Mi Play0) sold 400K sets at a price of ￥49 ($7.4).
Chinese cartoonist thought of the NS five years ago
Five years ago a Chinese cartoonist posted a picture of a conceptional handheld that bears startling similarities to the Nintendo Switch.