Chinese media company Netease is building an esports park in Shanghai that will cost $725m (€648m).
Netease owns the distribution rights of esport franchises Healthstone, StarCraft and World of Warcraft in China, and is also the owner of an Overwatch League esports team, the Shanghai Dragons.
“Shanghai has world-class location advantages in terms of incentive policies, upstream and downstream industries, infrastructure, and purchasing power and habits of local residents,” said Ding Yingfeng, the president for NetEase’s gaming division, according to Technode.
The park will be built in the Qingpu District and will include China’s first professional esports stadium. It will will also include facilities for development, team building, and training, and Netease has already begun planning and construction for the first stage of the project.
This follows an announcement by the Shanghai government to invest $709m USD (€634m) over the next three years to support the local gaming and esports industry, which will be used to provide subsidies for companies, venues, streaming platforms, and event organisers.