Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Suning Culture & Investment Management Company, a subsidiary of Chinese e-commerce giant Suning Commerce Group, has led an RMB 32m (US$ 4.944m) investment in CHAMPION (Chinese:上海创冰), a sports data company in China.
This Series A funding, co-invested by Shanghai Woti (Chinese: 上海沃体), brings the Shanghai-based data company’s estimated value to nearly RMB 200m (US$30.9m).
Founded in 2003, CHAMPION is a sports technology company that focuses on R&D, data collection and analysis. It provides data services with products including Cloud Platform, Soccer Master, Mobile Products and Media Master. CHAMPION has in the past been a partner of the Chinese Super League, Alisports, PPTV and many Chinese sports giants.
Suning’s involvement in sport began early in 2013, when it invested $250 million in the video website PPTV.com, which has helped it position itself as a major digital broadcaster of sports events in the country. Analysts believe that the recent move will add the business of sports data to Suning’s sports ecosystem.
Source: sports.online.sh.cn
Proofread by Sean O Diobhilin.
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
CSI sports-related business at RMB 655m last year
12 Apr 2016
Chinese group to sponsor Sheffield United
01 Jul 2016
Beijing Carving Ski raises strategic fund
05 Jan 2016
Leicester City to launch Chinese youth training plan
18 May 2016
Huawei’s Honor appoints Saina Nehwal as ambassador
07 Apr 2016
More from Yutang Sports
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
SportAccord Bronze Partners Make Their Mark on Global Stage
08 Mar 2024
Discover the SportAccord Summit sessions!
31 Jan 2024
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024
SPORTACCORD 2024 INSIGHTS: How Gaming is Changing our World
07 May 2024
Yutang Sports
loading...