中文

Wutong Sports secures tens of millions of yuan in Series A to expand into professional basketball

by Siyi Zhang

6/9/2022, 12:57:49 AM

Credit: Wutong SportsWutong Sports, a comprehensive sports service provider in southwest China, announced on June 6th its series A funding round with tens of millions of yuan led by SDIC. The latest fund will be used for business expansion, digital membership services development, and staff training system upgrade.Founded in 2016, the Chengdu-based start-up provides young adults with basketball training, comprehensive sports services for kindergartens, stadium operations, services for events, and peripheral product development.Additionally, Wutong Sports will expand into the professional basketball sector. According to the founder Zhu Guoqing, the company will invest more in Chengdu Hezhong Club of the Chinese Men's Three-person Basketball Super League to explore the operation of professional clubs.

Financing

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