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
Chinese owner of Den Haag finally pays up
05 Apr 2016
Chinese millionaire Chen Feng reportedly eyeing Espanyol
11 Sep 2015
Capitals increased for Evergrande FC
25 Jun 2015
Guirenniao to acquire Will’s Gym for 2.7 million Yuan
13 Mar 2017
Chinese consortium to spend £1.65 Billion on McLaren
15 Nov 2016
More from Yutang Sports
SportAccord Welcomes Return of Principal Media Partner Yutang Sports
01 Feb 2024
SportAccord announces first speakers - World Sport & Business Summit 2024
06 Dec 2023
SportAccord Summit 2024 Logo Unveiled
29 Nov 2023
Yutang Sports Appointed as the Official Media Partner of the Future of Sport
14 Jun 2023
SportAccord 2024 - combating online abuse ‘chance for sport to show its power’
22 Mar 2024
Yutang Sports
loading...