Search engine behemoth Google has led a US$120 million Series D investment in Chinese live-stream mobile game platform Chushou.
This is Google’s second-ever investment in a Chinese startup. In 2015, it injected funding into Beijing-based artificial intelligence startup Mobvoi in 2015.
With the Chushou funding, the US technology giant aims to make inroads into China, where its search engine has been blocked. As for Chushou, the search engine giant will help it expand its services to target more overseas viewers, as per a Reuters report.
“Chushou has built an impressive platform, with a dedicated and quickly growing base of content creators and consumers, and smart expansion plans. We’re excited to be supporting Chushou through this investment to help them execute those plans, bringing great mobile gaming content to more people around the world,” said Frank Lin, Google’s Principal of Corporate Development in north Asia.
Founded in 2015, Chushou is an online e-sports platform where users can live-stream their mobile phone games. It claims to have nearly 8 million streamers and does 250,000 live streams a day.
Live stream gaming platforms are a popular form of e-sports in China, part of a growing industry that involves competitive game play viewed by spectators. Google’s YouTube launched a specialized service for live stream gamers in 2015, capturing a large chunk of the global market.
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