China

With Dalian Wanda now looking to help build China's road-running market, Mark Dreyer looks at the challenges that must still be overcome.

Yao Capital, a private equity firm co-founded by former Chinese basketball star Yao Ming, is to launch a US-dollar fund to invest in overseas sports properties with ties to the Chinese market.

The International Cycling Union (UCI) has announced that the inaugural edition of its Urban Cycling World Championships will take place in the Chinese city of Chengdu later this year.

The Chinese Football Association (CFA) has made its latest move to curb spending in the top-tier Super League by introducing a rule that dictates that some clubs must donate the same amount of money they spend on transfers to a government-run youth fund.

Chinese sports equipment manufacturer Jiangsu Jinling has said it will invest CNY100m (€13.2m/$14.5m) to boost its growth by forming a Shanghai-based wholly-owned sports industry unit.

The International Boxing Association (Aiba) has sealed a global marketing partnership with the Alisports arm of Chinese e-commerce giant Alibaba Group that will lead to the development of a new internet television channel for the global governing body.

Chinese conglomerate Dalian Wanda has struck its latest major sports deal by agreeing a strategic partnership with the World Marathon Majors (WMM) group that will lead to new races being developed in China and the wider Asia-Pacific region.

The Chinese city of Wuhan has signed a new three-year deal to continue to host badminton’s individual Asia Championships, the sport’s flagship event on the continent.

The Alisports division of Chinese e-commerce giant Alibaba has entered into a strategic partnership with Suzhou which aims to transform the Chinese city into a major player in the international sports market within three to five years.

Sports and entertainment giant Creative Artists Agency has joined forces with CMC Capital Partners, a leading Chinese investor in the sports and entertainment sectors, in a move that will lead to the formation of CAA China.

A free report, commissioned from SportBusiness by the Budapest 2024 Olympic Games bid, surveying attitudes to, and media consumption habits around, the Olympic Games.

The NHL North American ice hockey league has confirmed plans to stage two annual pre-season games in China from later this year.

Amaury Sport Organisation (ASO) has formalised its plans to take the Tour de France brand into China by unveiling two events that are set to take place following this year’s edition of the cycling showpiece.

Chinese sportswear company Anta has announced plans to raise HK$3.79bn (€461.2m/$488.2m) in a share sale to fund partnerships and acquisitions of international sportswear brands.

A number of German Bundesliga football clubs have today (Wednesday) responded to a report that Chinese conglomerate and investment company Fosun International has held investment talks with at least six teams, while Bayern Munich and VfL Wolfsburg have opened new offices in the country.

North American basketball league the NBA has announced that the Golden State Warriors and Minnesota Timberwolves will compete in this year’s Global Games series in China.