On April 3, Ali Sports held a press conference in Beijing, announcing that the company had completed the A round of over RMB 1.2 billion financing, led by Yunfeng Fund, and Taiping Insurance and other institutions. After the completion of the financing, the company's valuation exceeded 8 billion yuan.
As early as last April, Rilakkuma Sports reported that Ali Sports started the A round of financing.
According to the information of the time, Ali Sports will sell the equity of 15% and the financing amount will be 1.235 billion yuan. Among them, Yunfeng Fund led the investment, with a capital contribution of 1.035 billion yuan, Suzhou Taiping Guofa Dingsheng Investment Enterprise, Shanghai Haoheng Venture Capital Enterprise, etc. will be followed. The pre-investment valuation was 7 billion yuan, and the post-investment valuation was 8.2 billion yuan. According to the official information released today, the actual results are almost the same as the plan.
At the press conference, Ali Sports also announced the strategic acquisition of Internet fitness brand brand Le Dynamic, which is the first wholly-owned acquisition of Ali Sports. Zhang Dazhong, founder and CEO of Ali Sports, said the main purpose of the move was to add technical weight to the company's platform strategy.
Ali Sports was established in September 2015 and is jointly controlled by Alibaba Group, controlled by Ma Yun, and jointly funded by Sina and Yunfeng Fund. According to business information, the company is served as executive director and CEO of Zhang Dazhong, Yu Xingyu as COO, Wei Quanmin, Liu Yong, Wang Yiming and other vice presidents.
Source: Rilakkuma Sports
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