Google is getting into the business of eSports with an investment in live-stream mobile game platform Chushou. The search engine giant invested $76.8 million in the startup in their Series D search for investors.
Chushou, similar to gaming platform Twitch, is used by mobile device streamers to live-stream games. It was founded in 2015 and currently has 10 million users and as many as 250,000 live streams a day.
The investment isn’t much of a stretch as Google tried to buy Twitch back in 2014, which was instead sold to Amazon for $970 million.
In addition, while eSports is not a new industry, however, it is a rapidly growing one.
Google is known for investing in startups, this could also a way for Google to get into the Chinese market, a place where it’s search engine is blocked.
Chushou brought in $120 million USD total from their Series D, which is in preparation for their IPO. Other investors include Shunwei Capital, Alpah X Capital and Qiming Venture Partners.