Wang Sicong: China’s “richest son” is also a leading esports investor

Wang Sicong is one of China’s biggest investors in the country’s fast-emerging online entertainment business. He is owner of streaming platform Panda TV, entertainment company Banana Culture and esports club Invictus Gaming.

Dubbed “China’s richest son” and “China’s most eligible bachelor”, Wang is also known for courting controversy with his playboy lifestyle and lavish displays of wealth -- as the son of billionaire Wang Jianlin, owner of the Dalian Wanda Group.

Dalian Wanda is the world's biggest private property developer and owner of the world's largest cinema chain, Wanda Cinemas and the Hoyts Group. The Beijing-based conglomerate also owns AMC Theatres and Legendary Entertainment.

Educated at Winchester College and University College London in the United Kingdom, Wang Sicong returned to China… and started streaming himself playing video games. He was later reportedly given 500 million yuan (US$73 million) by his father, with which he founded private equity firm Prometheus Capital.

In 2011, Wang founded Invictus Gaming, which has teams competing in League of Legends, Dota 2 and StarCraft II. Invictus Gaming has one of the most successful League of Legends teams in China’s professional league LPL. Wang himself is a registered member of his own team, and even played one game for Invictus in a professional match.