Chinese internet giant Baidu’s lottery business has been renamed as Baidu Sports, according to a recent report.
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Robin Li, CEO of Chinese Internet company Baidu, has denied reports that the firm are involved in a deal to buy iconic Italian soccer team AC Milan.
The China Sports Industry Forum 2015 was held yesterday by Peking University (PKU) Institute for Sport Science and PKU Department of Phsical Education, in partnership with TTD Sports Media, PKU Sports Industry Research Center and Graduate School of Management Communication University of China (CUC) .
The deal, with a reported fees around US$120 million, will commence in 2017 and will mark the online streamer exclusively live screen over 2,000 WTA games every year in China until the end of 2026, according to a report from SportsPro Media.
In addition, the agreements will also enable iQiyi to cover WTA’s exclusive highlights, player interviews as well as the WTA Magazine Show and video clips and the WTA newsfeed.
The president of Wanda Group, Wang Jianlin, regained the position of the richest person in China, according to a latest fortune list “The Richest People in China”, announced on Oct 15. The list has been made since 1999 by British registered accountant Mr Hu Run. It was the first list about the ranks of personal fortunes in China and is the most influential list in the Chinese financial world, according to Baidu.
According to this list, up to August 14, 2015, the fortune of Wang’s family reached ¥RMB220 billion, and is 52% higher than last year. Ma Yun’s family fortune reached ¥RMB145 billion and is at the second place. The third is Zong Qinghou, the owner of Chinese water brand Wahaha. The president of Tencent, Ma Huateng, is at the fourth place.
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By Yutang Sports
One of the most famous sports digital content companies in the world, Perform, is possibly conducting discussions with Chinese internet giant Baidu about developing the Chinese market.
The news was first released on Monday by a Chinese sports media, who was reported to have source in Baidu, and created strong reactions among Chinese sports professionals, especially on WeChat where the news was read for over 9,000 times and shared many times.
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By Reuters
China’s dominant search engine Baidu Inc has made its first venture into Israel’s booming start-up sector, investing $3 million in video capture firm Pixellot.
Pixellot developed a system of unmanned cameras that it says can cover the entire field or court at a sporting event and automate video production for both professional broadcasters and amateur fans.
Peter Fang, senior director of corporate development at Baidu, said on Sunday the Israeli technology “will revolutionise video content production” for internet users in China.
Pixellot said it planned to use the funds to expand its research and development and advance global marketing and business development.
Yutang Sports - China Sports Insights 