Le Sports completes 2nd round of funding
By Ma Si | China Daily | Updated: 2016-03-29 08:39
Latest cash injection of $1.23 billion puts company on way to building sports 'ecosystem'
Internet-based company Le Sports has completed a second round of financing, worth 8 billion yuan ($1.23 billion), which analysts said gives it a significant edge over rivals.
Jia Yueting, CEO and chairman of parent company LeEco Holdings Ltd, said on Sunday its sporting offshoot is now valued at 21.5 billion yuan.
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