Esports World Cup Foundation Signs MoU with China Media Group’s National Institute for Esports Development and VSPO

• Three-way agreement between Esports World Cup Foundation, China Media Group National Institute for Esports Development and VSPO boosts promotion of esports globally
• ‘Together, with our combined platforms, expertise and resources, we are confident we can elevate the industry to new heights and continue to engage and inspire fans and audiences throughout the world’ – Faisal Bin Homran, CPO, Esports World Cup Foundation

Monday, August 26, 2024 – Riyadh, Saudi Arabia: The Esports World Cup Foundation (EWCF) today signed a Memorandum of Understanding (MoU) with China Media Group’s National Institute for Esports Development (NIED) and VSPO, the largest esports company in Asia, at the New Global Sport Conference (NGSC24).

The three-way agreement, signed at the Four Seasons Hotel Riyadh At Kingdom Centre where the two-day conference is being held, is a significant step forward for the industry and aims to leverage the resource advantages of each organization. It fosters collaboration within the sports culture industry, with a particular focus on esports and gaming.

The signing ceremony was attended by Mr. Faisal Bin Homran, Chief Product Officer of EWCF; Mr. Xu Qiang, Director of the Youth Sports Program Center of China Media Group and Executive Vice President of NIED; and Dino Ying, Founder, Chairman and CEO of VSPO.

Under the terms of the MoU, all three organizations will collaborate on a wide range of initiatives. Key areas of cooperation include esports event broadcasting, the application of cutting-edge technologies, market expansion, copyright distribution, and the promotion of event content. This strategic alliance is expected to significantly enhance the reach and impact of esports events, providing fans and participants with enriched experiences.

Faisal Bin Homran said: “I welcome this collaboration between the Esports World Cup Foundation, China Media Group’s National Institute for Esports Development and VSPO. Together, with our combined platforms, expertise and resources, we are confident we can elevate the industry to new heights and continue to engage and inspire fans and audiences throughout the world.”

Ying said: “It’s a huge honor to be a strategic partner with the Chinese Media Group and the Esports World Cup Foundation with the establishment of the CMG National Institute for Esports Development, which marks another key sign of Beijing’s support for esports
development.”

EWCF is a non-profit organization committed to supporting the growth and development of esports and gaming. The hosting entity of the Esports World Cup, which concludes its inaugural edition in Riyadh this weekend, EWCF’s mission is to advocate for the esports industry—players, fans, and businesses alike—and to support its financial stability.

China Media Group (CMG), established in 2018, stands as one of the largest media conglomerates globally. The mission of NIED, an affiliate of CMG, mainly consist of three aspects. The first is to organize relevant experts, scholars, and industry professionals to conduct research on the development of esports. The second is to study the dynamics and trends of esports to provide basis for the formulation of relevant national policies. The third aspect is to help promote the development of the esports industry with competitions at the right times.

Founded in 2016, VSPO produces more than 7,000 matches every year that captivate an online fan base of over 800 million. With a global presence encompassing 14 office locations and eight top-tier esports arenas, VSPO offers a comprehensive suite of esports services, including tournament organization, marketing solutions, community development, and more.