Bilibili is to set up a new Electronic Sports Company
Bilibili is to set up an electronic sports company. Targeted at the global gaming market, this new company will take over the main gaming business and support the Bilibili mother company.
People visit the stand of Bilibili, a leading Chinese video-sharing streaming website, during an exhibition in Guangzhou, Guangdong, 1 October 2018. [File photo: IC]
Chen Rui, the CEO of the Bilibili, also works as the Chairman of the company. Chen Youyou was named as the CEO of this new company and will be directly report to Chen Rui.
With 10 years working experiences under her belt, Chen Youyou is a seasoned manager in the gaming industry. She was the CEO of the zhanqi.tv, where she had led multiple gaming programs and competitions.
Expert Li Da says recruiting a talent like Chen Youyou shows that Bilibili takes this new gaming company very serious. Electronic sports are really gaining their momentum now. This is a growing business sector in China and it needs to be managed by true professionals.
A day before the new gaming company was launched, Bilibili Gaming (BLG) announced that they have achieved strategic cooperation with Clutch Gaming (CG), and will hold a friendship competition soon. ESport Manager of Clutch Gaming, Sebastian Park, said that Bilibili will be their official partner.
Bilibili's second season financial report showed that their revenue of the second season was over one billion yuan, with an increase of 76% compare to the previous year. The gaming sector contributed over 700 million yuan, with an increase of 61% year on year. This showed that the gaming business has always been an important part of the company's revenue.