SPORTACCORD 2024 INSIGHTS: Sport’s Perfect Storm
23 May 2024 14:34
On Mar. 13, 2017, the establishment of the Jian Sheng Sports Fund was officially announced by China Media Capital and Sequoia Capital at a joint press conference. The fund has combined the two giant capital funds and aims at promoting the overall upgrade of the Chinese sports industry with its rich industrial resources and strong investment operation teams.
The Jian Sheng Sports Fund has led the series A investment round for Wanmingyang Media, a boxing events operator and video content provider. Meanwhile, it has completed the investment for Hero Sports, an Esports events operator.
So far, China Media Capital has invested in comprehensive sports spheres including the likes of events copyright development, media operation, sports marketing and data services.
Sequoia Capital has invested in key sections such as sports equipment brands, sports lotteries and new events IP.
The Jian Sheng Sports Fund will consolidate domestic and international industrial resources and promote its core strengths in investment & operation, in order to advance the globalization of good overseas projects, as well as bringing in further top overseas projects.
Source: sports.sohu.com
Proofread by Sean O Diobhilin
Related coverage
$7m investment for former Chinese e-game player
27 Apr 2016
Suning to name Inter’s new board
24 Jun 2016
Parent company of BioSteel complete Pre-A financing
30 May 2016
Hao Haidong embraces soccer video game industry
18 Sep 2017
Le Sports raises RMB8bn in Series B fundraising
28 Mar 2016
More from Yutang Sports
SPORTACCORD 2024 INSIGHTS: Touchdowns, Home Runs and Slam Dunks
12 Jun 2024
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
SPORTACCORD 2024 INSIGHTS: Sport’s Perfect Storm
23 May 2024
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Yutang Sports
loading...