Natural mineral water brand Alps sign three-year partnership with BWF
21 Aug 2019 20:30
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
Chinese investor in talks to take over Malaga
04 May 2015
European soccer club deals signal renewed China interest
03 Feb 2015
CEFC to purchase share of Czech football giant
06 Sep 2015
Capitals increased for Evergrande FC
25 Jun 2015
Chinese magnates’ aggressive expansion into European soccer world
01 Jun 2016
More from Yutang Sports
Meet the world-class speakers on SportAccord’s Plenary sessions
23 Feb 2024
SportAccord scores Summit touchdown with NFL
18 Jan 2024
SportAccord announces first speakers - World Sport & Business Summit 2024
06 Dec 2023
SportAccord Welcomes Return of Principal Media Partner Yutang Sports
01 Feb 2024
Discover why SportAccord plays central role for Silvers in strategic partnerships
22 Feb 2024
Yutang Sports
loading...