Huayi Brothers Acquires 20% Of Sequoia-Backed eSports Firm Hero Entertainment For $288M

sportsChina's Huayi Brothers has invested RMB1.9 billion (US$288 million) for a 20% stake in Hero Entertainment, an eSports company backed Sequoia Capital and others. After the completion of the transaction, which was initially disclosed in November 2015, Huayi will hold around 20% of Hero Entertainment's expanded share capital and become its second largest shareholder. The […]

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Read the original article: China Money Network