VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
Chinese sports training company Doing Now has raised 500 million yuan through financing, led by Yao Capital, a private equity firm founded by former NBA superstar Yao Ming and other veteran investors.
Founded in 2010, Doing Now is a sports training service provider for children aged 4 to 17. Its major business pillars are around training, events and venues.
As of now, the company offers services covering various sports like basketball, soccer, badminton and fencing, providing Chinese children access to sports knowledge, skills and experiences from foreign trainers.
The sports company has also attracted more than 10,000 children to its upcoming teenage sports league. In addition to this, Doing Now has nearly 1000 venues throughout China. With about 3000 coaches, the company has made its presence in 18 Chinese cities, serving nearly 1 million students and parents.
The HINA Group has been the exclusive financial advisor for this round of financing.
Source: pedaily
Proofread by William Logsdon
Related coverage
Letv Sports to start fundraising Series B
23 Jul 2015
Infront to reorganise Nordic business operations
24 Jun 2015
Chinese investors in talks with Palermo
13 Jun 2016
Chinese businessman eyes Newcastle Jets
26 Jan 2016
Guirenniao, Hupu.Com to establish $320M sports investment fund
22 Jan 2015
More from Yutang Sports
SportAccord Welcomes Return of Principal Media Partner Yutang Sports
01 Feb 2024
SportAccord 2024 makes a memorable return to Birmingham
13 Apr 2024
WFDF is ready to fly in Chengdu for the World Games 2025
17 Apr 2024
Interview Part I with Martin Gibbs, Managing Director of SportAccord: the Power of Sport Is Real
21 Mar 2024
Gender equality will be reflected at OBS's coverage of the Paris 2024 Olympic Games
16 Apr 2024
Yutang Sports
loading...