VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
Prairie Assets has set up Xingyuan Sports Industry Fund recently, with Great Sports acting as the investment adviser to the Fund.
The Fund will focus on fields such as sports content, production, marketing and training, with the goal of combining sports investment and business expansion in a sustainable way. According to media reports, the pair has also established a management team for the Fund, all of them being experienced experts from Great Sports, Hupu, Nike and other institutions.
Founded in 2015, Shanghai-based Prairie Assets has an investment interest in culture and media, the sports industry and next-generation information technology, including AI, manless driving and AR/VR.
In December 2017, the parent company of Great Sports, Shanghai Media Group (SMG), joined forces with Shanghai Jiushi Group, one of the leading companies in the sports industry in Shanghai.
Along with their partnership, two Jiushi subsidiaries have invested in Great Sports, making Jiushi Group the second-largest shareholder of SMG’s sports channel.
Source: Sohu
Proofread by William Logsdon
Related coverage
Zhejiang establishes 20-billion-yuan smart sports FOF
29 Nov 2017
Shilin Town to speed up their sports town construction project
13 Nov 2017
PEAK Sports to establish a sports fund in Xiamen
16 Jan 2018
Hainan to establish a 350-million-yuan sports fund
26 Dec 2017
Hubei Province to boost its sports industry with a RMB36m fund
31 Jan 2018
More from Yutang Sports
Interview with Nicolas Maurer: Becoming Mainstream and at the Forefront of French Esports Industry
04 Oct 2023
Future of Sport: a resounding success for the Global Sports Week and Viva Technology collaboration
21 Jun 2023
Discover the SportAccord Summit sessions!
31 Jan 2024
SportAccord 2024 - combating online abuse ‘chance for sport to show its power’
22 Mar 2024
Registration open - SportAccord World Sport & Business Summit
18 Dec 2023
Yutang Sports
loading...