Legend Holdings invests in sports

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Formed in April 2001, Legend Capital, also known as Lenovo Capital, an independent Venture Capital investment subsidiary under Legend Holdings, set up its culture and sports industry fund to focus on the pan-culture layout at a high-profile forum co-held by Zero2IPO Group on October 29th 2015. 

According to its official website, Legend Capital is now managing six USD funds and three RMB funds with AUM over RMB20 bn, and focuses on innovation and growth enterprises with operations in China or related to China. By May 2015, Legend Capital has invested in over 200 companies, of which 32 are already listed on NYSE, NASDAQ, HKEx, Gretai Securities Market, Shanghai Stock Exchange, GEM and ChiNext of Shenzhen Stock Exchange, and another 20 companies achieved exit through M&A.

It is reported that Legend Capital would invest in cultural entertainment, sports recreation and culture creativity. For sports industry, this venture capital once invested in Peak Sport, which was listed on the Main Board of the Hong Kong Stock Exchange (Stock Code: 1968.HK) on 29 September 2009. Recently, Legend Capital also became the investor of iDarex, an investor-favored platform focusing on entertainment and sports. 

Source: PEdaily.cn, Legend Capital

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