Zhexin IT Co’s Indonesian unit, DNC Capital, has invested an undisclosed amount in local e-sports media RevivaLTV (Revival) following an investment into game developer studio Toge Productions earlier this month.
Revival broadcasts news related to competitive gaming and video games, a growing industry in Indonesia in its own right. As the pioneer of eSports media in Indonesia, Revival’s mission is to cultivate interests in the professional gaming sector.
“This is a huge leap for eSports in Indonesia. The collaboration will not only affect us as a media but also all aspects of eSports in the country,” said Revival CEO, Ahmad Syahndy.
“The fact that eSports also has an element of entertainment as in any other sports like soccer, basketball, and tennis is often overlooked. This has been proved through past eSports tournaments that had pooled over $20 million worth of prizes. The number of eSports viewers have reached the same level as baseball viewers, and is catching up with NBAs,” he added.
Investment in Revival once again shows DNC’s commitment to develop Indonesia’s gaming sector. Zhexin IT, DNC’s parent company, was established in 2010 as a game maker firm with only four staff. Since then, the company has grown to employ 260 workers and has a market capitalization of $4 billion. Zhexin IT’s shareholder is Zhejiang Jinke Entertainment Culture, which announced a partnership with Project Discovery Ltd to create DNC.
Last year, DNC also invested in Indonesian mobile game developer Touchten, which is known for games such as Target Acquired, Warung Chain: Go Food Express, and Rapstronaut. It participated in a series D funding round for Touchten along with other Chinese investors.
DNC had previously announced a $10 million fund to invest in games companies in Southeast Asia with a focus on Indonesia.