Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
On the evening of April 10th, China United Travel Co.,Ltd, a company located in Nanjing China, announced a plan to establish strategic partnership with Xiamen Quan Wei Cultural Industry Ltd., aiming at a co-operation project of building a Muay Thai(also called Thai Boxing) gymnasium in 2015.
They are planning to invest around 53 million yuan in the Muay Thai industry chain of the Chinese market.
Apart from that, the co-operation project also includes the introduction, operation and marketing of Muay Thai events, as well as the development of a Muai Thai training base.
According to the announcement, China United Travel will exclusively lay out 50 million yuan on the training base, which is supposed to be the mere Muay Thai gymnasium in Fujian Province. In terms of the co-operated company which is for Muay Thai events, both parties will contribute 3 million respectively.
It is reported that Quanwei Cultural Industry is the exclusive operating agency, authorized by World Muay Thai Council, of Muay Thai in China. And China United Travel did not go into sports industry until last September.
Source: cs.com.cn
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
Bayern Munich to partner Tsinghua University
24 Apr 2017
14 Aug 2015
How running boosts the Chinese sports industry
18 Aug 2017
Ali Sports seals deal with Shankai Sports
26 Feb 2016
Impetuous soccer stocks in China is not wise
14 May 2015
More from Yutang Sports
Birmingham is embracing a bright future supported by extraordinary sporting legacy
17 Apr 2024
SPORTACCORD 2024 INSIGHTS: How Gaming is Changing our World
07 May 2024
Interview with Thomas Lund: to follow new trends and bring younger generations to the sport
17 Jun 2024
SPORTACCORD 2024 INSIGHTS: Touchdowns, Home Runs and Slam Dunks
12 Jun 2024
SportAccord Plenary Conference had fruitful talks about the soft power of sport
17 Apr 2024
Yutang Sports
loading...