Hainan aims to become esports hub with RMB1bn development fund

Chinese city Hainan is setting up a special development fund worth over RMB1bn ($145m) to attract esports events and businesses.

According to Sina.com, Sun Ying, the director of Hainan provincial tourism and culture broadcasting and sports department, announced the fund on June 20 at a trade event, the Global Esports Leadership Summit.

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