Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024 16:40
Le Sports, the sports arm of China's leading online video provider LeEco, has received funding of $1 billion in its series B financing round, a media report said on Monday.
The series B funding is the biggest investment so far in China's sports entertainment industry, Chinese technology news portal tech.sina.com.cn reported.
A press conference will be held next week by Le Sports to announce the completion of the financing, and other details such as the identity of the investors are expected to be disclosed at that time, the report said, citing sources close to the matter.
LeEco declined to comment on the report, but analysts said they expect Le Sports to continue spending heavily on media rights for sports events with the new funding. As a result of the series B funding, Le Sports' valuation has been boosted to $4 billion.
Source:ecns.cn
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024 16:14
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024 14:40
Related coverage
Can Letv Sports catch up with ESPN?
11 Jun 2015
Le Sports and ATP announce partnership deal
23 Nov 2015
22 Jan 2016
27 Sep 2015
Wukesong Arena to be renamed Le Sports Center
17 Dec 2015
More from Yutang Sports
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
When New tournaments Meets New Tech, the Old Friend of Football Has New Stories
14 Jul 2025
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
Yutang Sports
loading...