A new event called World e-Sports Masters' will be held in Hangzhou, the capital of Zhejiang province. World e-Sports Masters' hosted by Hangzhou Government and IS Plus Corp, and organized by Hangzhou Sports and Economy Association and JoongAng Entertainment and Sports.

The event, which is due to take place from October 26th - November 2nd, will be played on Counter-Strike: 1.6 and have a total prize purse from 60,000 to 70,000$ USD.

It has also been revealed that World e-Sports MASTERS will feature eight professional Counter-Strike teams and will begin with a group stage, followed by a single-elimination phase.

Danish squad mTw is so far the only team to have been confirmed but GotFrag.com understands that a provisional list of attendees looks as follows:

SK Gaming
fnatic
mousesports
mTw
wNv
eSTRO
Meet Your Makers

Stay tuned to GotFrag.com as we will bring you all the action from World e-Sports MASTERS.