Chinese video platform Kuaishou and Suzhou’s municipal government have signed a strategic cooperation agreement that will see future investments in high-quality resources to promote the settlement of Kuaishou’s esports headquarter in Suzhou. Simultaneously, this move aims to boost the transformation and development of Suzhou’s digital industry.
Suzhou has been a big promoter of esports products, gaming tournament brands, esports teams, venue management, and live-streaming performances, having hosted several international and domestic gaming events such as the World Cyber Games Finals and the World Electronic Sports Games Asia Pacific Finals, both of which helped grow the city’s esports sector.
Established in 2015, Kuaishou now has over 3,000 short video organizations on its platforms and more than four million online live-streaming hosts. Kuaishou, with its leading edge in the field of short video and live-streaming, is empowering regional markets in their efforts to upgrade their promotion of urban cultural tourism resources, government propaganda, media integration, and talent training.
Together they have established Suzhou Kuaishou E-sports Information Technology Co., Ltd, which will see both parties develop new businesses and explore new models in fields such as esports, sports, entertainment, industrial transformation, and so on. The next big step involves Kuaishou investing resources in aspects like platform network traffic, technology, esports events, short videos, and esports talents training. The branching out of resources is meant to enhance Suzhou’s influence and attractiveness to potential investors and business owners.
(All information was provided by Pandaily)