Alibaba have annouced to the world they are launching a new Esports division in this press release.
AliSports (Alibaba) announces 1.5M CSGO, 1.5M DOTA2, 400K SC2, 300K Hearthstone tournament today
— Orrin Xu (@orrinxu) March 30, 2016
Ali Sports, founded last september is set to launch a new Esport division focussing on tournaments in CS:GO, Dota 2, SC 2 & Hearthstone.
In the release Ali Sports stated it has put aside $5.5 Million USD total in prize money for the new World Electronic Sports Games (WESG)
The statement went on to say that $1.5 million will go to Dota 2 and $1.5 million will go to CS:GO with finals set to take place in Shanghai in December.
The goal is to host these tournaments annually and eventually to move them out of China.