G2 Esports Brings On Billionaire Joseph Tsai As An Owner And Plans To Take Over New York [Forbes]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Forbes
G2 Esports announced today that billionaire Joseph Tsai, an Alibaba cofounder and the owner of the Brooklyn Nets G2 is one of the most recognizable esports organizations League of Legends Fortnite CS:GO PUBG Rocket League LOL In February, G2 raised $17.3 million from New York City-based investment groups including Everblue Management, Parkwood Corporation and Seal Rock Partners to expand its content and grow internationally. Forbes $165 million Not for much longer. Jens Hilgers, one of G2’s founding owners and Rodriguez’s mentor, told “New York is an under-leveraged and under-represented market in esports, which is odd because it in particular is where so many impactful subcultures have been born in the U.S.,” he said. “This is an opportunity for G2 to capitalize on playing to the East Coast.” Currently, only two top-tier esports organizations have a presence in New York City, and they are owned by two infamously mismanaged groups: Counter Logic Gaming, which is owned by Madison Squar
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