Geeks.bet logo
search icon

New $898 million esports arena to be built in Shanghai

Johan C author avatar
Written by Johan C on 08 January 2021

Construction of a $898 M esports arena begins in Shanghai as the Chinese city aims to become the world’s esports capital. Shanghai International New Cultural and Creative Esports Center will cover 500,000 square meters. The new arena will have a hotel, a breakdancing facility, an indoor skydiving venue, and many other amenities and is expected […]

Shanghai International New Cultural and Creative Esports Center - Credit- SuperGen

Credit: SuperGen

Construction of a $898 M esports arena begins in Shanghai as the Chinese city aims to become the world’s esports capital.

  • Shanghai International New Cultural and Creative Esports Center will cover 500,000 square meters.
  • The new arena will have a hotel, a breakdancing facility, an indoor skydiving venue, and many other amenities and is expected to open in 2024.
  • The main backer of the new complex is SuperGen, the Chinese parent company of esports team Edward Gaming.

Shanghai continues its ascension to becoming the esports capital of the world announcing the construction of a new esports complex called The Shanghai International New Cultural and Creative Esports Center.

The hub will cost a whooping 5.8 billion yuan (898.2 million US dollars) and will span over 500,000 square meters.

The new park is expecting to attract hundreds of esports companies, as well as offering around 2,000 esports related jobs.

The arena is part of a greater, 1.5 billions USD project backed by SuperGen, the Chinese parent company of esports team Edward Gaming.

When completed, it will become on of the Top Esports Venues in the World!

China to surpass US as the largest esports market

As 70% of China’s 720 million gamers play esports on a regular basis, China is due to become the largest market for esports in 2021.

Revenues are estimated to surpass US$400 million in 2021 and tech giants Tencent and Alibaba are among the top investors.

Tencent, as the owner of Riot Games, and the biggest game publisher in China, announced in November that the company will invest $30.4M to boost the esports ecosystem of Peacekeeper Elite in 2021.

For those of you who are not familiar with the title, Peacekeeper Elite is a chinese rebranded version of PUBG Mobile (also known as Game for Peace).

Last Updated:
10/08/2021
About The Author
Johan "RetroGeek" was there, a long long time ago, back in the days of 1.6 and IceFrog. Back when DreamHack LAN parties were the coolest but still nerdiest thing around. No one knows how he decided to start writing about all that but we're grateful for it. He's know as our in-house historian and betting expert and that guy in the office that keeps saying "there's no school like old school!"

More News

Bitcasino and Evil Geniuses logos
Evil Geniuses announced a new partnership with Bitcasino
OCTOBER 18, 2021 | by Georgi L

Evil Geniuses announced in September their new partnership with Bitcasino. They sing the first Crypto-based digital gaming partnership in Esports history. The collaboration will offer a variety of games and entertainment activities. The first Crypto-based digital gaming partnership in esports history Tarik Celik created a custom challenge course map for this partnership Bitcasino will be […]

Blast premier 2017
BLAST Premier and SteelSeries new partnership for 2021 Fall Season
OCTOBER 7, 2021 | by Georgi L

Blast Premier announced the partnership with SteelSeries, the worldwide leader in gaming and esports peripherals, on 4th October 2021. Their cooperation is a multi-event agreement in which SteelSeries will host a number of CS:GO-related activities during the Fall Season. BLAST and SteelSeries collaborated for the first time at the BLAST Pro Series Copenhagen 2019 SteelSeries […]

LoL World Championship 2021
Riot announced the new location for the League of Legends World Championship
SEPTEMBER 18, 2021 | by Georgi L

22 October Update The winners of World 2021 will receive 18-karat white gold rings. Riot revealed the collaboration with the luxury vehicle brand Mercedes Benz. Because of this alliance, and as is the tradition in world-class sports leagues such as the NBA and the NFL, the winners of this year’s League of Legends World Championship […]

Top Esports Betting Sites

A great design, awesome odds and friendly welcome bonus!
play icon
Play
Live betting, own crypto and gamer-facing features
play icon
Play
Solid welcome bonus and traditional sportsbook!
play icon
Play
Tons of games to bet on and easy to use user interface!
play icon
Play
rendered (mm/dd/yyy):10/22/2021, 7:59:04 PM