Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
Beijing Day-BL Sports and Culture Co. Ltd, founded by former Chinese NBA star Mengke Bateer, has raised around RMB10 million from Angel Investors, according to a report on the Chinese web portal Netease.
In addition to the RMB10 million investments, the investors are offering subsequent help and support to Bateer and his company, stated the CEO of Day-BL at a press conference held in Urumuqi, the capital city of Xinjiang.
The report says DAY-BL is to launch a youth basketball tournament in Xinjiang. The tournament, which will start in April, covers 8 cities in Xinjiang. Over 200 teams and 3,000 participants will take part.
The company also has plans to expand the youth basketball competition to 10 Chinese provinces, including Guangdong, Jilin, Shandong, Hunan, Inner Mongolia and Beijing.
Day-BL is a basketball company founded by Mengke Bateer in 2015.He also set up the Olajuwon Bateer Dream Academy in the US with Hakeem Abdul Olajuwo last year.
Source: Netease
Proofread by John Devlin.
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024 14:40
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024 16:14
Related coverage
Wanda Sports appoints new CEO for China
27 Jan 2016
Sacramento Kings show off solar array plans with the help of SPI Solar
16 Sep 2015
Peak to sign NBA Dwight Howard
20 Jun 2015
Weekly Report (2015.5.4-2015.5.10)
12 May 2015
Children basketball league organizer raises 20m yuan in Series A financing
08 Jan 2018
More from Yutang Sports
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 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
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
Yutang Sports
loading...