WBG = Weibo Gaming
BLG = Bilibili Gaming
Weibo is a huge social networking site in China, similar to X / Twitter
Bilibili is a video streaming/sharing site, basically think of Youtube
So essentially we are getting the Chinese version of Youtube Gaming vs Twitter Gaming
Most LPL is backed by large corporations, in the LCK is the same. KT is Korea telecom. T1 is SK telecom. DK is backed by KIA. GenG is a esports conglomerate that operates like EDG, RNG and WE. I think the reason that esports is more successful is because of this.