VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
Five Forces, the local operator in China of the The World Football Fives (F5WC), has announced that it had raised over RMB 10m in its A financing round. According to the company, Fenghou Capital was the leading investor in this round.
Founded in 2016, Five Forces is a sports company specializing in sport events operations. In the same year, Five Forces became the local operator in China of the F5WC, the World’s largest amateur five-a-side football tournament, which was founded in 2014 by Sport Events International DMCC.
Meanwhile, Five Forces has also captured the rights to broadcast the Laureus World Sports Awardsfor the Chinese market for the next 10 years, as well as getting the 10-year rights to operate the China Top10 Benefitting Laureus Sport for Good, an award ceremony for Chinese athletes.
After this financing round, the company will take winter sports into account and provide support to these sports in China. Reportedly, ice climbing has become one of Five Forces’ priorities, with the company acquiring the operating rights to the UIAA Ice Climbing World Cup events in China.
Source: Sohu
Proofread by Raymond Fitzpatrick
Related coverage
China’s winter sports industry reaches USD62bn in 2017
15 May 2018
21 Feb 2017
PEAK unveils 2018 Olympic uniforms for 6 countries
01 Feb 2018
Shougang Industrial Park becomes home of big air skateboard
12 Jul 2017
Air China named Official Partner of Beijing 2022
24 Aug 2017
More from Yutang Sports
SportAccord Media Partners will ensure global audiences are primed with latest news in sport
02 Mar 2024
Leading sports charity, Podium Analytics, announces Trusted Research Environment for Global Sport
11 Apr 2024
SportAccord Bronze Partners Make Their Mark on Global Stage
08 Mar 2024
Discover why SportAccord plays central role for Silvers in strategic partnerships
22 Feb 2024
Leading legal minds tackle athlete representation and rules for transgender athletes at LawAccord
16 Feb 2024
Yutang Sports
loading...