E-sports fans: y’all better start saving up.
In a clear bid to become the world’s gaming capital, Shanghai began construction of a nearly USD 900m e-sports arena to host major events. The Shanghai International New Cultural and Creative E-sports Center will span an astounding 500,00 square meters and is expected to open in 2024. The city already hosted the League of Legends World Championship last year.
The competitive video gaming craze has proven itself more than a fad as fans fill out huge venues to watch their favorite players go head-to-head. It is currently a billion-dollar industry and China is its largest market. It is estimated that around 70% of China’s 720 million gamers play e-sports.