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.