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LeSports developed a comprehensive digital platform dedicated to sports content and services within the Chinese market. It provided extensive live streaming of major sports events, securing exclusive rights to top international and domestic leagues. The platform aimed to build a holistic sports ecosystem, integrating event operations, streaming technology, smart devices, and internet services to deliver a unified user experience.
The company was founded in March 2014 by Lei Zhenjian, emerging as a distinct spin-off from LeTV. Lei Zhenjian identified a significant unmet need among Chinese sports fans for a centralized, high-quality, and interactive destination to consume diverse sports content, which was previously fragmented and often inaccessible or illegal. This insight drove the strategic initiative to consolidate a wide array of sports offerings under one roof.
LeSports primarily targeted Chinese sports enthusiasts, seeking to elevate their engagement with sports. Its long-term vision was to transform the traditional viewing experience into a full ecological sporting journey, encouraging user interaction and transitioning from free access to value-added paid services across a broad spectrum of sports and related offerings. The company envisioned deeply integrating sports into daily life through digital innovation.
LeSports has raised $1.4B across 2 funding rounds.
LeSports has raised $1.4B in total across 2 funding rounds.
LeSports has raised $1.4B in total across 2 funding rounds.
LeSports's investors include Jia Nailiang, Liu Tao, Sun Honglei, HNA Group, Wanda Group, Jessica Xia, Oriental Huifu, SiCong Wang.
LeSports has raised $1.4B across 2 funding rounds. Most recently, it raised $1.2B Le Sports - Series B in March 2016.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 17, 2016 | 17 Media | $23.0M Other Equity | Lesports | — |
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 29, 2016 | $1.2B Series B | — | JIA Nailiang, LIU TAO, SUN Honglei, HNA Group | Announced |
| May 13, 2015 | $128.9M Venture Round | Wanda Group, Jessica XIA | Oriental Huifu, Sicong Wang | Announced |