Chinese professional esports organization LGD Gaming has announced a partnership agreement with China Zheshang Bank. The collaboration will reportedly focus on topics such as student esports competitions, building esports infrastructure, and improving finance.
Last week, LGD Gaming eSports Club and China Zheshang Bank held a strategic cooperation agreement signing ceremony. Pang Jie, CEO of LGD Gaming eSports Club, and Wu Ming, President of Zhejiang Province, attended and delivered speeches. Mr. Pan and Vice President Wu Gang signed a cooperation agreement on behalf of the two parties. The heads of the respective departments of LGD Gaming eSports Club and China Zheshang Bank attended the agreement signing ceremony.
Financial terms of the deal were not disclosed.
The LGD Gaming organization is based in Hangzhou, the capital of Zhejiang Province. This partnership has solidified LGD Gaming's esports position in Zhejiang and has also proven that the organization is a high-end financial asset from a bank's perspective.
The Bank of China has also been the exclusive financial partner of the 2022 Winter Olympics in Beijing, and next September, Hangzhou will host the 2022 Asian Games, making esports an official discipline at an Olympic-level competition for the first time. Perhaps this is another reason why China Zheshang Bank chose Hangzhou-based LGD Gaming as its esports partner.
The LGD Gaming organization is currently represented in Dota 2, League of Legends, and Wild Rift. Other partners of the esports club are companies such as EPOS and Betway.