Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
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.
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024 16:14
Related coverage
Chinese investors eye Brescia Calcio
18 Aug 2016
Doing Now raises RMB500 million
28 Sep 2017
Weekly Report: FIFA Club World Cup sees Guangzhou advance to semifinal
15 Dec 2015
Hefei to build China’s first marathon track
15 Jan 2016
Business magnates dig for gold in Chinese sports market
04 Nov 2015
More from Yutang Sports
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
Yutang Sports
loading...