posted by Malystryx.GDS,
LGD have released the transfer cost of their key player Zhang "xiao8" Ning on their WeiBo, who recently left LGD to join Newbee. According to the post Newbee purchased Xiao8 for the remarkable fee of 500,000 RMB, over $81,000. The cost to secure the services of Chen "Hao" Zhihao was also made public.

The announcements come as Newbee releases its logo as well as officially opening its microblogging page. The sponsor of the new team still remains a mystery but with the cost of Xiao8 and Hao putting them back almost $100,000, it would be an investment made in the hopes of a long-term future. An important landmark for the team is the acceptance of its application to join ACE, the governing body of Chinese DOTA 2 and LoL scene. The huge investment made by their sponsor as well as steps taken to make their team as official as possible means Newbee is here for the long-haul.

cn Xiao8 and cn Hao are the linchpins of the new team's line-up, who are competing in the Sina SuperNova Cup and the Netolic Pro League. Team-mate Chen "Hao" Zhihao transfer fee was also disclosed on the team's Weibo, with Hao joining the new team for a fee of 100,000 RMB, $16,000. As we mentioned in the previous news, the team's name is not inspired by the term noob or newbie, but instead comes from popular Chinese internet slang "牛逼"(Niu Bi), meaning wicked or awesome.

Team Newbee
cn Zhang 'Mu' Pan
cn Zhou 'KingJ' Yang
cn Zhang 'xiao8' Ning
cn Gong 'ZSMJ' Jian
cn Chen 'Hao' Zhihao