Chinese e-commerce giant Alibaba has announced that it will host an international CS:GO tournament with $1.5 million in prize money.
The event, called the World Electronic Sports Games (WESG), will take place in December, in China, and will pay out a total of $5.5 million across the esports tournaments that will be held.
A total of $1.5 million will be shared in the CS:GO tournament, which is an all-time high prize fund for the game, surpassing the $1 million that is on offer at the Majors and the $1.2 million that will be at stake in ELEAGUE per season.
Alibaba announces its own esports event
The tournament will feature teams from all over the world, who will be determined by a lengthy qualifying process that will begin in April.
The first edition of the WESG will take place in Alibaba's home country, but the Chinese company is interested in hosting future events all over the globe and has invited other countries to submit applications for the 2017 iteration.
Meanwhile, Alisports - Alibaba's branch that will be in charge of the event - has announced that it will develop an anti-doping policy to "ensure the fairness" of the tournaments that will be hosted as part of the WESG.