• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 2 June 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

China’s Tencent invests US$100 million into Indian fantasy sports platform Dream11

Newsdesk by Newsdesk
Fri 7 Sep 2018 at 06:27
Print Friendly, PDF & Email

Indian fantasy sports platform Dream11 is now the most valuable online gaming company in India and among the biggest in the world after China’s tech giant Tencent invested more than US$100 million to acquire a significant stake.

According to a report by TechCircle, Tencent led a substantial round of investment in Dream11 which included current stakeholders Kalaari Capital and private equity firm Multiples Alternate Asset Management, although Tencent was responsible for the vast majority of funding.

The company was known to be looking for investment opportunities within the Indian online gaming market, which is seen as one of the fastest growing markets in the world. TechCircle claims that Tencent is looking to invest at least another US$100 million in India with the goal of owning one-third of all Indian online gamers by 2020.

Dream11 currently has around 41 million users, its management claims, with the platform offering a range of fantasy sports options including fantasy cricket, football and basketball among others.

“Our goal is to create awareness around fantasy sport in the country and keep getting more of India’s 800 million sport fans to play fantasy sport on Dream11,” a spokesperson told TechCircle.

According to a report by the Indian Federation of Sports Gaming (IFSG) and market research firm AC Nielsen, around 100 million Indians will play fantasy sports in some form by 2019.

It is believed that Dream11 will use its U$100 million funding boost to significantly increase its marketing efforts.

Tencent, best known for its social media platform WeChat, is the world’s largest gaming company and the second largest company of any kind in China behind only Alibaba.

RelatedPosts

Smart marketing and quality content

Smart marketing and quality content

Tue 20 May 2025 at 12:21

Delta Corp income drops to US$23 million in March quarter on casino gaming decline

Wed 23 Apr 2025 at 06:06
Thai committee to submit report on legalized casinos in May

Thai tourism sector worried Beijing may restrict Chinese visitation if casinos legalized

Wed 26 Mar 2025 at 16:59
South Korea drops quarantine requirement for unvaccinated arrivals

South Korea to introduce visa exemption for tour groups from China

Sun 23 Mar 2025 at 18:34
Load More
Tags: acquisitionsChinafantasy sportsIndiastakeTencent
Share5Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
Mindslot
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Survey on Australia-China relations finds most Australians keen to encourage more Chinese tourism

Regulating the Game launches Call for Speakers for 2026 event in Sydney

by Newsdesk
Mon 2 Jun 2025 at 13:24

Leading gambling law and regulation conference Regulating the Game has launched its Call for Speakers for its sixth edition, taking place from Monday 9 to Wednesday 11 March 2026 at the Sofitel Sydney Wentworth. Regulating the Game 2026 will welcome...

IAG launches public call for candidates for 2025 IAG Academy Awards at Manila’s Newport World Resorts on 9 September

IAG launches public call for candidates for 2025 IAG Academy Awards at Manila’s Newport World Resorts on 9 September

by Newsdesk
Mon 2 Jun 2025 at 13:18

Inside Asian Gaming is pleased to launch a public call for candidates for the 2025 IAG Academy IR Awards, part of the IAG EXPO taking place at Manila’s Newport World Resorts from 8 to 10 September 2025. This year’s IAG Academy...

Macau GGR hits new post-pandemic high of MOP$20.8 billion in October

JP Morgan: Q2 shaping as Macau’s first “non-miss” quarter in some time after strong May GGR result

by Ben Blaschke
Mon 2 Jun 2025 at 13:12

The June 2025 quarter looks certain to buck historical trends by booking a year-on-year gain – the first sign of genuine market growth in the Macau market since gaming revenues stabilized post-COVID, according to investment bank JP Morgan. In a...

Concerned parties welcome opportunity for high-level discourse ahead of Thai Entertainment Complex Roundtable 

Concerned parties welcome opportunity for high-level discourse ahead of Thai Entertainment Complex Roundtable 

by Ben Blaschke
Sun 1 Jun 2025 at 15:46

This week’s groundbreaking Thai Entertainment Complex Roundtable (TECR) has been described by local participants as a vital opportunity for all stakeholders, including international operators and those concerned about Thai casino legislation, to work together to achieve mutually agreeable outcomes.  In...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English