(Yicai Global) Dec. 19 -- China's popular video site bilibili.com announced the establishment of an e-sports club yesterday, saying it has acquired a League of Legends team in Shanghai, which will play in the top-level LOL Pro League in China next year. LOL is a worldwide popular multiplayer real-time melee game.

Bilibili released the above news on its official website yesterday. Following the acquisition, IMay will be renamed Bilibili Gaming. The team's existing players and coaching staff will basically remain unchanged, insiders explained.

The IMay team won last year's LOL Secondary Pro League and then qualified for the LPL. The team was also the runner-up in this year's Demacia Cup held by Tencent Holdings Limited [HK:0700], LOL's agent carrier in China.

Formed in 2009, bilibili.com is a video site targeting youngsters, with 70 percent of its content from users' homemade or original videos. The site has 150 million active users and over 1 million active contributors.