China Pro Sports Market to Hit 1.6 Trillion Yuan by 2025

(Beijing) – China's professional sports industry will reach 1.6 trillion yuan (US$242 billion) in annual revenue by 2025, a new report said, as a flood of investment chases demand for more homegrown entertainment and answers the government's call to improve the level of Chinese national teams.

The professional sports sector will grow at a compound annual rate of more than 20 percent from 2016 to 2025, according to the report from venture capital firm China eCapital Corp. Meanwhile, the larger market for amateur recreational sports will grow from the current 1.2 trillion yuan to 3.5 trillion yuan over that period, with a 12 percent compound annual growth rate each year.