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.

Le Sports has raised a further Rmb8 billion ($1.23 billion) in private funding, valuing the sports arm of the Chinese online entertainment and technology group LeEco (formerly known as LeTV) at Rmb21.5 billion, the company said on Sunday.

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