Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
A co-founder and deputy president of Letv, named Liu Hong, lately revealed that Letv Sports, as the emerging online sports media entity in China, is looking to raise its second round of funding.
After securing $129m from investors in the first round of fundraising, Letv Sports now aims to “create a fairy tale” in sports media sector by proceeding fundraising Series B.
According to media reports, Letv Sports could seal around $3b of funds this time.
In an effort to approach for a global brand Letv Sports has established a headquarter in the Silicon Valley, USA, triggering rumors that the China’s leading sports company would seek to be listed on US stock market.
Lei Zhenjian, CEO of Letv Sports, confirmed the second round of funding and opening a head office in USA was for business necessity rather than capital operation.
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024 16:14
Related coverage
Le Sports to buy two-year CSL media rights for RMB 2.7 bn
19 Feb 2016
Doing Now raises RMB500 million
28 Sep 2017
Rights holders in alliance to strike online piracy
22 Jul 2015
Chinese investors to acquire majority stake in Sintrense
08 Jul 2016
17 Mar 2016
More from Yutang Sports
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
Yutang Sports
loading...