Joint venture between Alibaba and Singapore social media site YuuZoo

Those numerous hours spent playing computer game might in fact assist you end up being a millionaire.

Alibaba says its releasing a numerous eSports competitions with a total prize swimming pool of $5.5 million.

The e-commerce giant is restoring the World Cyber Games series and will introduce 1,200 occasions this year across 15 cities in China.

Alibaba announced its releasing multiple eSports tournaments with a total reward swimming pool of $5.5 million. The e-commerce giant is reviving the World Cyber Games series and will introduce 1,200 events this year across 15 cities in China – simply like Legends of Legends World Championship in 2014 (visualized).

ALIBABA’S WESG TOURNAMENT.

The e-commerce giant is restoring the World Cyber Games series and will introduce 1,200 occasions this year throughout 15 cities in China.

AliSports World Electronic Sport Games (WESG) will start next month and the finals will occur in Shanghai at some point in December.

The games will have competitors for Dota 1, Counter-Strike: Global Offensive, StarCraft 2: Legacy of deep space and Hearthstone.

The overall reward pool across all titles will reach $5.5 million (₤ 3.8 million).

The tournament will have game particular guidelines and more policies concerning age and citizenship of taking part professional athletes, anti-doping procedures, moral rules standards, and more.

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AliSports World Electronic Sport Games (WESG) will start next month and finals will occur in Shanghai in December.

The events will have competitions for Dota 1, Counter-Strike: Global Offensive, StarCraft 2: Legacy of deep space and Hearthstone, reports Medium.

The overall prize pool across all titles will reach $5.5 million (₤ 3.8 million), with more cash anticipated to be included from crowdfunding sources.

The news follows of a multi-million dollar joint endeavor between Alibaba and Singapore social media site YuuZoo, who consented to organize and run WESG and manage AliSport’s eSports Clubs Competition Center.

According to AliSports CEO Zhang Da Zhong, ‘eSports has been a very unpredictable market, experiencing excellent fluctuations and spikes in the market to date, more recently handling to establish itself as a center for stable growth after a couple of market crashes’.

Alibaba compares WESG to the previous World Cyber Games that was when run by a South-Korean company with the same name, reports ESports Observer.

AliSports World Electronic Sport Games (WESG) will begin next month and finals will happen in Shanghai at some point in December. The occasions will have competitors for Dota 1, Counter-Strike: Global Offensive (visualized), StarCraft 2: Tradition of the Space and Hearthstone.

This announcement is an outcome of a multi-million dollar joint venture in between Alibaba and Singapore social media site YuuZoo, who consented to organize and run WESG and handle AliSport’s eSports Clubs Competitors Center. Hearthstone (visualized) specialists will go head-to-head throughout China.

The firm fashioned the competitions to imitate standard sporting events like the Olympic Games by holding an opening event and providing out medals to the top three finalists.

But Alibaba says their tournament will have game particular guidelines and more policies regarding the age and citizenship of taking part athletes, anti-doping measures, ethical rules guidelines, and more.

Their main goal is to ensure ‘a fair sports competition to improve that healthy development of sports.

‘ The essence of eSports is that it is a sport, and it has reconfigured the method we generally view sports,’ said Da Zhong.

‘ eSports therefore requires to be protected with a set of unified rules and policies similar to how other sports remain in order to preserve its integrity.’.

‘ Competition, Regulation, Fairness; these concepts are essential to AliSport’s mission.’.

China is house to more than 100 million eSports fans and 440 million gamers.

The total reward pool across all titles will reach $5.5 million (approx. ₤ 3.8 million), with further cash anticipated to be included from crowdfunding sources. Those competent at StarCraft II: Legacy of The Space (imagined) will have at the large pool of reward money.

Alibaba states their tournament will have game particular rules and more policies concerning the age and nationality of getting involved professional athletes, anti-doping measures, ethical etiquette standards, and more. Dota 2 (pictured) experts living in China take a crack at of ended up being a millionaire.