Yutang Weekly (9.6-9.13)

CEFC to purchase share of Czech football giant

As the president of Czech Republic, Mr Zeman attended the parade of the celebration of the victory of World War II. Football Association of Czech (FACA) announced that China Energy Company Limited (CEFC) purchased share of Praha Slavia, according to the official website 59.97%.

Peak breaks into the heart of European Basketball

Peak, one of the leading sportswear manufactures from China, is emerging in European basketball market. Peak appeared in the 2015 Eurobasket Championship which started from September 5 as official partner, and also being the sponsor of Serbia, the first Basketball World Cup runner-up winner, Germany, Israel and other European basketball national teams. Tony Parker, the French legendary player with 4 times NBA championship and Milos Teodosic, the first team member of basketball world cup will both lead its own team to fight for the European champion.

Letv sports to pay US$400 million for Premier League rights in Hong Kong

China’s Letv Sports is reported to have beaten Hong Kong’s PCCW in a US$400 million-plus swoop for the rights to broadcast English Premier League matches in the city from next season, according to sports business news portal Sportscal.

Alibaba Group establishes sports group

Alibaba Group Holding Limited, announced today it has established Alibaba Sports Group together with Sina Corporation and Yunfeng Capital to transform China’s sports industry through Internet-enabled technologies.

Arsenal FC partners with Chinese lottery provider DJI

English Premier League side Arsenal have signed a three-year partnership with Chinese lottery provider DJI Holdings. The agreement sees the company, which develops, promotes and distributes authorised sports and welfare lottery products in China, become the soccer club’s official lottery partner in the country.

Chinese millionaire Chen Feng reportedly eyeing Espanyol

After Chinese group Fosun and U.S. investment firm Cerberus’ unsuccessful negotiation with La Liga side Espanyol in June, Chinese millionaire Chen Feng, owner of aviation and shipping conglomerate HNA Group, is "reportedly becoming the latest interested party to buy a stake in Espanyol," according to Alberto Martínez of AS.

NFL to deliver three Super Weekends in Beijing

As the NFL set to kick off in September, fans – and soon to be fans – of the pigskin game will be pleased to know that NFL China is back with 30 events across 11 cities including the NFL Home Field tournaments in Beijing and Shanghai. Those who want to catch a glimpse of the Vince Lombardi Trophy are in luck as it will make its way to China for the first time and feature at the tournaments as well as the NFL S