Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024 16:14
Focus Media Information Technology Co Ltd announced last night (21st April)it would invest $ 200m in the sports industry.
Focus Media said in the statement that it would partner with FountainVest China Growth Partners GP2 Ltd to found a company, to be named Focus Media FountainVest Sports JV L.P.
Focus Media FountainVest Sports JV L.P. will invest in domestic and global high-quality sports industry startups.
Focus Media will invest up to $ 200m in Focus Media FountainVest Sports JV L.P. and take up to a 50% share of the company.
Focus Media Information Technology Co Ltd, the undisputed Chinese outdoor-display advertising giant, delisted from the U.S. In 2013 in one of China’s biggest leveraged buyouts.
It now trades shares on China’s A-share market through a reverse merger and is valued at around RMB 135.4 billion.
Source:Focus Media
Proofread by John Devlin.
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024 16:14
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
Related coverage
Community sport an invisible gold mine in China
12 Jan 2016
New sports center to open in Jing’An District, Shanghai
19 Sep 2017
2015 in review: the sports business in China (III)
05 Jan 2016
Martin Lee to acquire Newcastle Jets
13 Jun 2016
IDG to take 20% OL stake for €100m
15 Aug 2016
More from Yutang Sports
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
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
Yutang Sports
loading...