Internet firm V1 still seeking US opportunities

V1 Group, China’s first listed online entertainment firm, will continue to seek opportunities in the fields of e-sports, sports games and intellectual property development in the United States, the Hong Kong-listed company said on Monday.

V1 Group, along with Hitachi, Siemens and Softbank, was invited to participate in the SelectUSA Investment Summit 2019 this month. Wang Chun, CEO of Vland Inc as V1 Group’s subsidiary, attended the event and interacted with other participating guests. He also discussed cooperation plans over e-sports, sports games and IP development in California.

The SelectUSA is a top-level investment summit, which this year was attended by more than 2,800 officials and entrepreneurs from over 70 countries. Participants included top US officials, including Secretary of Commerce Wilbur Ross, Treasury Secretary Steven Mnuchin and White House Chief Economic Advisor Larry Kudlow. The US is the largest recipient of foreign direct investment in the world.

Founded in 2005, V1 Group got listed on the Main Board of the Hong Kong Stock Exchange in 2006, becoming China’s first listed Chinese video media enterprise.

Since 2016, V1 Group has successfully transformed from a new media industry group into an Internet giant, with coverage in media, Internet banking and other fields.

Meanwhile, Vland also assisted Shenzhen Interactive Space-Time Co, another subsidiary under V1 Group, to host the International Licensing Expo 2019 in Las Vegas, Nevada, in June.