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
Future of Sport: a resounding success for the Global Sports Week and Viva Technology collaboration
21 Jun 2023 12:27
Related coverage
16 Jan 2017
Hebei Province plans to have 70,000 sports venues and sports fields in 2018
26 Feb 2018
Shougang Industrial Park becomes home of big air skateboard
12 Jul 2017
Ten million winter sports tourists in Heilongjiang during Spring Festival
07 Feb 2017
Jilin City joins forces with Yanqing in winter sports
02 Mar 2018
More from Yutang Sports
SportAccord calls for the power of sport to lead anti-abuse actions
17 Apr 2024
HealthAccord spotlights mental health and female athlete well-being
08 Feb 2024
Ingmar De Vos elected as the next ASOIF President
10 Apr 2024
Yutang Sports Appointed as the Official Media Partner of the Future of Sport
14 Jun 2023
SportAccord Welcomes Return of Principal Media Partner Yutang Sports
01 Feb 2024
Yutang Sports
loading...