30 Young Sports Makers selected to shake up the future of sport at Global Sports Week 2021
27 Nov 2020 10:57
Beijing and Zhangjiakou beat Almaty, Kazakhstan by a vote of 44 to 40 for the right to host the 2022 Winter Olympics.
As one of the most active players in sports field, Wanda Group has been investing heavily in winter sports projects since the turn of the year.
In early February, Wanda has reached an agreement to acquire Infront Sports & Media AG, the world's most respected international sports marketing company based in Switzerland at approximately EUR 1.05 billion, which enables the company to have the broadcasting rights to Winter Olympics and agency rights to seven winter sports. The Chinese conglomerate also invested 20 billion yuan to build a cultural and tourist center in Harbin, equipped with world's largest indoor ski slope, movie theatre and hotel compound.
Beijing Hualu Baina Film and TV Inc (HNB) recently also announced a strategic partnership deal with local authorities in Hebei Province. The agreement will see a capital injection of 1 billion yuan ($161 million) from HNB into projects in Zhangjiakou, a city in Hebei province that lies 200 kilometers northwest of Beijing and one of the event venues for 2022 Winter Olympics. The investment is primarily for upgrading the winter sports facilities in the city, said the company.
30 Young Sports Makers selected to shake up the future of sport at Global Sports Week 2021
27 Nov 2020 10:57
Related coverage
Chinese investors eye Hull City
08 Aug 2016
08 Jun 2016
Premier League (IV): broadcasts, media and fandom
28 Jul 2015
Zhang Jian to contest for FIFA Council
15 Aug 2016
Beijing and Almaty make their final pitches as they try to win Winter Olympics
31 Jul 2015
More from Yutang Sports
SportAccord Summit 2024 Logo Unveiled
29 Nov 2023
SportAccord Plenary Conference had fruitful talks about the soft power of sport
17 Apr 2024
Leading legal minds tackle athlete representation and rules for transgender athletes at LawAccord
16 Feb 2024
VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023
Discover why SportAccord plays central role for Silvers in strategic partnerships
22 Feb 2024
Yutang Sports
loading...