Four partners to construct sports towns in China

Beijing Sports and Entertainment Industry Group Limited (BSEIG) has signed a four-party strategic cooperation deal on Thursday with China Building Technique Group Co., Ltd. (GBTGC), Beijing Sport University Science and Technology Center (BSUSTC) and MetaSpace (Beijing) Air Dome Corporation.

The cooperation aims to seek out a cooperation model for sports town construction in China, which will feature planning and design, construction, intellectual property and project operation.

According to the terms of their deal, each partner will play a different role to promote the development of China’s health industry. Specifically, BSEIG will be responsible for providing supports of resources, investment and management. GBTGC will undertake project planning, design and construction. BSUSTC will offer strong science and technology services for the projects while MetaSpace is tasked with ensuring the project proceed environmental friendly.

In addition to this, the four parties also have plans to set up a joint venture to provide solutions for businesses in sports, culture, entertainment and tourism.

Source: prcfe.com

Proofread by William Logsdon