Kunlun Fight raises RMB200m

Kunlun Fight, a leading fighting event organizer in China, has raised over RMB200 million from investors in their Round B funding, according to domestic media reports.

The Round B funding, led by Morningside Venture and followed by IDG Capital and Northern Light Venture, will make the estimated valuation of Kunlun Fight rise to US$350 million.

The organization is also set to build a global fighting centre in the capitalafter agreeing a long-term title sponsorship deal with the owners of a comprehensive sports complex which is based in Daxing, Beijing. The company will also have the rights to operate the venue for the next twenty years. The new complex will be used by Kunlun Fight to cover fighting-related education, training and event organisation.

“(We) can attract top international fighters to Our World Fighting Center in Daxing, which will be capable of holding weekly events and courses,” said Jiang Hua, founder of Kunlun Fighter.

Source: Lanxiong

Proofread by John Devlin.