CICC injects 618 million to sports portal Hupu.com
COLDSKY – Hupu.com, a website for reporting and data analysis on sports news and events, has secured 618 million yuan in Series E fundraising from lead investor China International Capital Corporation Limited (CICC).
Registered in Shanghai’s Hongkou district in 2004, Hupu.com offers comprehensive services ranging from sports news to social networking, market research, e-commerce, PR, marketing and hosting of sports events.
On its official website, the portal said it has kept close contact with leading sports stars as well as clubs and has in-depth cooperation with local governments, both online and offline. To date, it has organized a total of 125,300 sports events in 166 cities. (http://marketing.hupu.com/about).
According to www.itjuzi.com, a business information service provider with a focus on structured databases, Hupu.com received an unspecified investment from Morningside Venture Capital in 2007 followed by 40 million yuan from Haitong Capital in 2012, 100 million yuan from Greenwoods Investment in 2014 and 240 million yuan from Divine Capital and sports shoemaker Guirenniao in 2015.