Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
In the C round of financing the Dong Qiudi App confirmed that Suning will be the lead investor, while Tianxing Capital and Sequoia Capital will invest 350 million Yuan. Dong Qiudi said that there may be further investments by institutions later.
Up to now, Dong Qiudi has won the favour of many investors. In February 2014, K2VC invested millions of Yuan as angel investment in it. The same year in May, Sequoia Capital invested 4 million US dollars in the A round of financing. In September 2015, Arena Capital invested 10 million US dollars in the B round of financing, which was valued in total at about 50 million US dollars.
The lead investor Suning announced that it had spent 270 million euros on acquiring a 70% stake of Inter Milan in June this year. Suning is also the owner of the CSL club Jiangsu Suning. The Investment in Dong Qiudi is another move by Suning into the sports area.
The latest data of Dong Qiudi shows that currently the App has 28.6 million registered users. Users aged from 18 to 35 accounted for 66.15% of these. 200-300 million people use the App every day and on average they open the App 8-12 times per day. Its revenue mainly comes from advertising revenue. Hengda, Suning and other companies are its main customers.
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
DDMC buys Super Sports for US$500m
13 Jul 2017
China's cycling site Wildto secured RMB20m from angel investor
17 Aug 2015
Chinese company officially took over Sochaux
07 Jul 2015
Chinese company aims to buy historic French club
21 Feb 2015
Fosun teams super-agent to tap Chinese soccer industry
20 Nov 2015
More from Yutang Sports
SportAccord 2024 - combating online abuse ‘chance for sport to show its power’
22 Mar 2024
Registration open - SportAccord World Sport & Business Summit
18 Dec 2023
SPORTACCORD 2024 INSIGHTS: Paris 2024 here we come!
02 Jul 2024
SportAccord 2024 makes a memorable return to Birmingham
13 Apr 2024
SportAccord 2024 - MediaAccord is ‘rare opportunity’ to meet before Paris 2024
08 Mar 2024
Yutang Sports
loading...