SPORTACCORD 2024 INSIGHTS: Paris 2024 here we come!
02 Jul 2024 10:18
Alibaba Group officially announced on January 2 that Alisports Founder and CEO, ZHANG Dazhong, has stepped down as the CEO of Alisports as his contract has come to an end although he will continue to serve as one of the directors and as a consultant for Alisports.
Alibaba’s online media platform, Youku, has appointed its General Manager of the Youku Sports and Children Division, DAI Wei, as CEO of Alisports while he still retains his titles and responsibilities at Youku.
After appointing Dai Wei as its CEO, Alisports will be further integrated with the Culture and Entertainment Division of Alibaba Group.
Alisports was founded in September, 2015. Since its foundation, Alisports has focused on collaborations with Chinese cities in the sports sector, eSports and campus sports, with a tendency to focus on the actual realization of sports and exercise in the physical off-line environment. In April 2018, Alisports announced A round financing of CNY1.2bn, with a market valuation of over CNY8bn.
Youku Sports live broadcast the 2018 FIFA World Cup and has reached a collaboration with Suning’s PP Sports in forming a joint media platform to bring many football events such as the Premier League, LaLiga, Bundesliga, UEFA Champions League, CSL and others to audiences.
Both Youku and Alisports belong to Alibaba Group’s Culture and Entertainment Business Division which includes companies like Alibaba Pictures, Heyi (Youku and Tudou), Alibaba Music, Alisports, UC, Alibaba Gaming, Alibaba Literature and Alibaba Digital Entertainment.
Reference: iFeng
Proofread by Raymond Fitzpatrick
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024 14:40
Related coverage
Alisports and Jet Li announce MMA event
24 May 2016
Prince William continued his soccer trip in Shanghai
04 Mar 2015
Ali Sports hires Han Lifeng as vice president
24 Feb 2016
Ali Sports gained broadcast rights of CBA
28 Oct 2016
China’s industrial revolution of sport
24 Apr 2018
More from Yutang Sports
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024
Yutang Sports
loading...