VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
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
Espanyol’s Chinese owner reports 289m yuan sports turnover
28 Aug 2017
Why real estate giants like to invest in sports
26 Aug 2015
Suning and Evergrande in talks with Stellar Group
02 Jun 2016
BoYang Investment to partner with Sabadell CE
07 Dec 2015
Suning leads RMB 32m investment in sport data company
03 May 2016
More from Yutang Sports
WFDF is ready to fly in Chengdu for the World Games 2025
17 Apr 2024
Meet the world-class speakers on SportAccord’s Plenary sessions
23 Feb 2024
Reasons why Leading Gold Partner Sport Event Denmark returns to SportAccord every year
08 Feb 2024
SportAccord Summit 2024 Logo Unveiled
29 Nov 2023
Birmingham Welcomes the World as SportAccord 2024 Kicks Off
08 Apr 2024
Yutang Sports
loading...