Alibaba enters fast-growing e-sports arena
Alibaba's sports subsidiary AliSports, in partnership with Singapore-based social networking firm YuuZoo, is making a play for the booming e-sports industry with the launch of the World Electronic Sport Games this month, and a total prize pool of $5.5m. E-sports are commonly known as video game competitions where players can compete with each other wherever they are in the world, and like traditional sporting events, can be played before live audiences and broadcast over the internet. According to research company SuperData, the lucrative e-sports market is forecast to grow to $1.9bn by 2018, .

Prize money of US$5.5 million is up for grabs in the AliSports World Electronic Sport Games, as internet giant seeks entry into this lucrative and expanding world