Le Sports valued at $3.3b after white-hot raise
LeEco's sports arm exceeds expectations with its Rmb8 billion ($1.23 billion) Series-B round of funding, more than septupling its valuation in just 10 months.
March 27, 2016
After paying a record-breaking Rmb8 billion ($1.3 billion) for the five-year broadcasting rights to Chinese Super League football and buying a chunk of oil-backed English soccer club Manchester City, Li Ruigang is eyeing more high-quality sports assets globally, the Chinese media mogul said on Wednesday at the Boao Forum in Hainan.
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