Sci-tech

Google backs Chinese eSports platform Chushou

Google backs Chinese eSports platform Chushou

"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".

The service is said to have around 250,000 streamers live streaming every day and around 90 million registered spectators.

The report notes how Google wants to expand the Chinese startup's presence to target more overseas viewers.

The companies did not reveal the size of Google's stake or the valuation of Chushou after the round.

Alphabet Inc (NASDAQ:GOOGL) has made a major investment in a China-based video game streaming platform, in its latest move to try and gain a foothold in the elusive foreign market. The same month Google CEO Sunder Pichai attended the World Internet Forum in Wuzhen.

Cvs Health (CVS) Stock Price Declined While Mcdaniel Terry & Co Lifted Stake
The pharmacy operator reported $1.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.04. After $1.50 actual EPS reported by CVS Health Corporation for the previous quarter, Wall Street now forecasts 26.67% EPS growth.

A year ago the firm began targeting China as a potential market to expand its AI offerings.

In 2015 it invested in Chinese artificial intelligence startup Mobvoi. The match was highly publicized in worldwide media but was not widely covered in local media.

Google pulled its search business out of China in 2010 after it decided not to comply with mainland Chinese requirements on censorship, and relocated its Chinese-language business to Hong Kong, which operates under different jurisdiction. Other investors include Qiming Venture, Shunwei Capital and Alpha X Capital.

The Beijing-based startup announced today that it has closed a Series D round, which Google joined as a new investor, that brings its total funding so far to over $120 million. Get your FREE trial!


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