VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
Chinese fitness sharing platform, LEFIT, has completed a 300-million-yuan Series C financing, which was led by the Hillhouse Capital Group, co-invested by Huasheng Capital and IDG Capital Partners.
In its Series B funding, LEFIT announced that it has plans to build more than 5000 locations in China. This new investment has added the fitness company’s financing to 400 million yuan, which will be used to update its products and services, expand brick and mortar gyms and develop the related technology.
LEFIT, founded in 2015, is a 24-hour professional fitness O2O platform that combines users, coaches and gyms. Typically, users can enjoy its fitness services paying 99 yuan per month. As of now, it has served more than 35 million users with more than 300,000 courses and has 200 locations in Hangzhou, Shanghai, Beijing, Nanjing and Jinan.
LEFIT CEO Han Wei said, over 150 of their gyms have achieved break-even after over six months of continuous operation.
Source: news.china.com
Proofread by William Logsdon
Related coverage
Parma to sell 60% of its shares to a Chinese investor
26 Jun 2017
Alisports partners with IWF for fitness business
19 Mar 2018
Dongxiang to invest 29 million dollars in sports tourism
05 May 2015
Le Sports secures global broadcast rights for CSL
23 Feb 2016
Great Stone Gridiron partners with Saipu
18 Jan 2018
More from Yutang Sports
VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023
SportAccord 2024 - combating online abuse ‘chance for sport to show its power’
22 Mar 2024
Wiz-Team provides smart event management system for SportAccord 2024
14 Mar 2024
Discover why SportAccord plays central role for Silvers in strategic partnerships
22 Feb 2024
Future of Sport: a resounding success for the Global Sports Week and Viva Technology collaboration
21 Jun 2023
Yutang Sports
loading...