DDMC, a China A-share listed company （Ticker:600136）has announced today that Yao Capital concluded investment in DDMC Sports, a subsidiary of DDMC Group. DDMC Sports is involved in businesses such as sports marketing, sports agency sports venue operations management of sports media rights,etc.
Yao Capital has officially become a shareholder of iQIYI Sports which is a joint venture between iQIYI, a Chinese leading video streaming platform and Super Sports Media. The upgraded iQIYI Sports will bring subscribers live coverage of top football, golf, and tennis events such as English Premier League, the Australian Open, etc. The investors participating in this series of financing also include IDG Capital, China Sports Capital, a fund established by Sequoia China and China Media Capital.
Entertainment Evolution has revealed its A round of 370 million RMB financing, led by Yao Capital. Entertainment Evolution is an IP operator that conducts commercial development and operations on the basis of its self-invented dIPs. It provides the audiences with original web series, movies, animations, games, derivative products, offline entertainment and other multi-modal entertainment products.
Doing Now has revealed its B round hundreds of millions RMB financing, backed by Yao Capital. Doing Now is a privately-held Chinese sports school for children, proving various sports training programs to the children aged from 4 to 17.
TZ Sports announced that it had closed its A+ round financing led by Yao Capital. TZ Sports provides sports fans with an online daily fantasy sports gaming platform officially licensed by sports leagues.
GLORY46 Guangzhou press conference was held at Guangzhou W Hotel. 50+ media, together with combat stars and major industry players attended the press conference. UFC veteran Antônio "Bigfoot" Silva signed with GLORY, and was scheduled to debut at the upcoming GLORY 46 SuperFight Series against the heavyweight world champion Rico Verhoeven. The grand opening of GLORY 46 Guangzhou will take place on 14th October.
The first Annual General Meeting of Yao Capital was held in Hangzhou, Zhejiang Province. All LPs / LP representatives attended the meeting. Yao Capital presented a detailed report on fund investments and operations.
Yao Capital has officially become a shareholder of Formula E. FE is an young and fast growing international electric car racing championship. As its green and edgy characters, it attracts attentions from the major metropolises and the crowds across the world, especially among young groups. The major shareholder of FE is Liberty Global who had previously co-invested with Yao Capital in GLORY Sports.
Yao Capital and Liberty Global Conclude Strategic Investment in GLORY Glory Sports International (GSI), parent company of the world’s premier kickboxing league, today announced that private equity firm Yao Capital has acquired a significant strategic stake in the organization.
On September 09, 2016, the former NBA star and China’s national icon, Yao Ming enters Hall of Fame as global ambassador of basketball in Springfield, Mass. He is the first Chinese ever in the history induced into Naismith Memorial Basketball Hall of Fame. The 2016 Hall of Fame class includes Yao Ming, Shaquille O'Neal, Tom Izzo , Allen Iverson and all the other greats.
WorldLand, a China A-share listed company announced its investment in Yao Capital. It highly appreciates Yao Capital’s professional investment ability and industry resources and has strong confidence to work along with Yao Capital in sports industry investment.
Weisai, a web-based sports consuming platform confirms its completion of round A financing from CMC, Tencent, Yao Capital, etc.