International edition
January 23, 2021

The Shanghai International New Cultural and Creative E-sports Center

China: construction of USD 898 M esports arena begins in Shanghai

China: construction of USD 898 M esports arena begins in Shanghai
Last year, the city hosted the “League of Legends” World Championship, one of the biggest events in the e-sports calendar.
China | 01/07/2021

The venue will span 500,000 square meters and is designed to be a place where teams and companies can be based and compete. It will have a hotel attached and is expected to open in 2024.

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hanghai has started to build the Shanghai International New Cultural and Creative E-sports Center, a major 5.8 billion yuan ($898.2 million) e-sports events hub that will span 500,000 square meters, as the city looks to position itself as a global e-sports center.

Last year, the city hosted the “League of Legends” World Championship, one of the biggest events in the e-sports calendar, CNBC reports.

The venue is designed to be a hub where e-sports teams and companies can be based and will have a hotel attached.

E-sports continues to grow quickly and is estimated to have generated $1.1 billion in 2020 globally, according to an estimate by games market research firm Newzoo. China is the largest e-sports market in the world, according to Newzoo.

Meanwhile, 70% of China’s 720 million gamers play e-sports, according to another research firm Niko Partners. So the market has large potential.

SuperGen, the Chinese parent company of e-sports team Edward Gaming, is the main backer of the Shanghai complex.

The e-sports hub is expected to open in 2024, according to local media.

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