VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
Walmonos Sports, a subsidiary of China’s youth educational brand Walmonos, has announced the completion of a 20-million-yuan Series A financing, which was co-invested by Vtron Investment, Seewo, Starz Sports and Lexue Investments.
According to the sports company, the new investment will be used in the establishing of a high-level talent team, research and development of sports courses and equipment and expansion of its physical stores.
As shown in a media report, Walmonos Sports has reached partnerships with more than 4,000 Chinese kindergartens. With 15 chain clubs across China, the company has fostered over 4,000 coaches for children in the world’s most populous country.
At the same time, Walmonos Sports has also launched a nation-wide children’s basketball league in Guangzhou of Guangdong province. In the 2018 season, the tournaments are expected to engage more than 40,000 children in 120 divisions of 23 Chinese provinces.
Source: Huanqiu
Proofread by William Logsdon
Related coverage
PEAK awarded "Star of Champion" by CGCC
10 Apr 2015
Letv Sports to start fundraising Series B
23 Jul 2015
FIBA and Ganten extend partnership to another 4 years
16 Sep 2019
Panel Discussion: How to exploit the commercial value of Chinese basketball market?
17 Dec 2015
Chinese millionaire Chen Feng reportedly eyeing Espanyol
11 Sep 2015
More from Yutang Sports
Interview Part I with Martin Gibbs, Managing Director of SportAccord: the Power of Sport Is Real
21 Mar 2024
SportAccord announces first speakers - World Sport & Business Summit 2024
06 Dec 2023
SportAccord scores Summit touchdown with NFL
18 Jan 2024
Leading legal minds tackle athlete representation and rules for transgender athletes at LawAccord
16 Feb 2024
Registration open - SportAccord World Sport & Business Summit
18 Dec 2023
Yutang Sports
loading...