*note* i am not translating the entire article because it is full of PR and business terms. This is merely a translation of its main points.
In a press conference on 30th March in Shanghai, Ali Sports, of Alibaba.com introduces its E-sports division and announces the creation of its World Electronic Sports Games (WESG).
This event aims to attract 100 countries/regions all over the world to register and compete.
The first round of games players will be competing in are: DOTA2, CS:GO, SC2:LOTV, Hearthstone. Some of the most popular competitive games in the world right now.
The global prize pool will total up to 5.5million USD. (*no mention of specific game prize pool)
The event will start in April and the global finals will be held in China in December.
They are also accepting applications from countries around the world in hosting next year's event.
As this is Ali Sports's first Global Tournament, this event strives to differentiate itself from other E-sports events. Besides publishing a Rulebook for WESG (coughs coughs Blizzard), the event will also have complete and special regulations that include players age and nationalities, Anti-doping, Moral etiquette and Punishments/Appeals.
The aim is to protect the rights of every competitor and to uphold the integrity of the event, in order to promote the development of Global E-sports.
Besides WESG, Ali Sports also indicated that they would be organizing other E-sports tournaments and everything from user registering, tournament details, player registering, service integration, streaming, e-commerce will all be on its own E-sports platform.
Alibaba Group Holding Limited is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals. It also provides electronic payment services, a shopping search engine and data-centric cloud computing services.
In 2012, two of Alibaba's portals handled 1.1 trillion yuan ($170 billion) in sales.
At closing time on the date of its initial public offering (IPO), 19 September 2014, Alibaba's market value was US$231 billion. However, the stock has traded down and market cap was about $212 billion at the end of December 2015.
Alibaba's consumer-to-consumer portal Taobao, similar to eBay.com, features nearly a billion products and is one of the 20 most-visited websites globally. The Group's websites accounted for over 60% of the parcels delivered in China by March 2013, and 80% of the nation's online sales by September 2014.
Alibaba reported sales of $14.32 billion on China's Singles' Day on 11 November 2015, up 60 percent from 2014.
But just as we've had a few bad experiences, and I have no idea about this alibaba.com, and it's 1 april local time here... Who are these people? Where does the money come from?
On March 31 2016 22:51 Cascade wrote: Seems cool! :D
But just as we've had a few bad experiences, and I have no idea about this alibaba.com, and it's 1 april local time here... Who are these people? Where does the money come from?
Alibaba.com is basically the Amazon / Ebay of China. I will put up a brief intro of Alibaba.com in the op.
Apparently 400k for sc2? But the numbers don't add up to 5.5 million, my best bet is that the rest is for all the different qualifiers?
It's not on the official release on their website and i don't find any numbers anywhere else so until he quotes a source, i am not going to take that as a confirmation.
Apparently 400k for sc2? But the numbers don't add up to 5.5 million, my best bet is that the rest is for all the different qualifiers?
It's not on the official release on their website and i don't find any numbers anywhere else so until he quotes a source, i am not going to take that as a confirmation.
Yeah i understand that, he just tweeted yesterday because he apparently was at the press conference. I think the numbers look quite legit though.
Just to anybody who can't believe this, the owner of Alibaba (Jack Ma) is worth 22.4 billion. If the funds are used correctly then this could be quite something.
On April 01 2016 00:32 Linear wrote: Just to anybody who can't believe this, the owner of Alibaba (Jack Ma) is worth 22.4 billion. If the funds are used correctly then this could be quite something.
I mean there is a lot of rich people, but the reason why people are rich is that they dont spend money on something that's not going to give them a return. That's where the questioning the believability comes into play.
On April 01 2016 00:32 Linear wrote: Just to anybody who can't believe this, the owner of Alibaba (Jack Ma) is worth 22.4 billion. If the funds are used correctly then this could be quite something.
I mean there is a lot of rich people, but the reason why people are rich is that they dont spend money on something that's not going to give them a return. That's where the questioning the believability comes into play.
I mainly wanted to know that that it is an actual company that has some kind of reputation they are risking if they don't pay out. We've had cases with sponsors that people didn't really look into into, and it later turned out that the companies essentially didn't exists. If this is a huge company worth billions, chances are that the tournament will actually happen, and the price money will be paid out (eventually).
Good investment? Not sure. It's no doubt a high risk investment though, so good to have a large bank to draw from.
So yeah, looking forward to this! Hopefully we'll see Koreans vs foreigners!
EPT![[image loading]](http://www.alisports.com/userfiles/201603/145934608069315.jpg)
![[image loading]](http://www.quickmeme.com/img/8e/8e93bc4fe111075a2e5d535c8a186fdf15b0eb845d4afb7c240f5e92b82cbe96.jpg)
WCG run never forget
