Fosun eyes baseball training

Fosun Group, one of China’s conglomerates, has collaborated with Heidie Capital to invest about 10 million yuan in Power Baseball, a Chinese company focusing on baseball training.

According to media reports, Fosun aims to use this angel round funding to foster outstanding baseball talents as well as promote the overall development of the sport in China.

Power Baseball has established a service ecosystem around baseball training, venue operation, camp travel and event intellectual property. With 6 youth training camps and 10 school partners currently, the company is looking to set up a comprehensive sports platform for overseas study, tourism and entertainment.

Fosun has also gotten involved in a baseball charity plan, with the goal of providing 50 underprivileged children with opportunities of baseball training and a tournament tour in America and Japan.

According to Sun Lingfeng, founder of Power Baseball, they have also launched the China Baseball Take-off Plan, combining players, teams, events and courts by taking full use of resources from governments, companies, media and fans.

Source: Sina

Proofread by William Logsdon