Jun 25, 2015 03:35 PM

How Media Investors Hope to Play Ball in Growing Sports Industry

(Beijing) – A state-owned media company recently said it is setting up a firm to explore businesses in the sports industry, such as holding events.

The new firm will have registered capital of 500 million yuan, Beijing Hualu Baina Film & TV Co. Ltd. said in a statement on June 10. The company and one of its subsidiaries will partner in the investment.

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