Last Friday, Ho took his company, NIP Group, public on the Nasdaq stock exchange.
NIP Group makes money from live streams — both of esports and from third-party influencers — and event production and its esports arm.
NIP Group plans to explore esports real estate, digital collectibles, and esports training camps, among other strategies, the company said in a filing.
Before the duo cofounded NIP Group, Ho was the chief marketing officer of iDreamsky Games, one of the largest game publishers in China.
Though billed as an esports company, NIP Group made the bulk of its revenue last year primarily from managing 36,000 online entertainers — with money coming largely from fees on their live streams.
Persons:
—, Mario Ho, Stanley Ho, Ho, NIP
Organizations:
Service, NIP Group, Nasdaq, SEC, Business, Group, iDreamsky, MIT Sloan School, Macau Esports Federation, MSI Finance Management Company, Bloomberg
Locations:
Sweden, China, Oslo, Hong Kong, Asia, Macau