Predict your next investment

BUSINESS PRODUCTS & SERVICES | Advertising, Marketing & PR

See what CB Insights has to offer

Founded Year

2016

Stage

Merger | Merged

About Momentum Sports

Momentum Sports (凌势动力) focuses on the commercialization of sports products. Its businesses include sports marketing, sports consulting and sports brokerage.

Momentum Sports Headquarter Location

Beijing, Beijing,

China

Latest Momentum Sports News

Legend Capital invests in China unit of talent agency CAA

Aug 7, 2018

Chinese Yuan notes. Photo: Reuters August 7, 2018 Legend Capital , the venture and growth capital arm of China’s Legend Holdings Ltd, has acquired an equity stake in Creative Artists Agency (CAA) China, the Beijing unit of Hollywood talent agency CAA. CAA China recently announced its merger with Momentum Sports , a leading Chinese marketing and talent agency for sports, esports, and sports-entertainment crossover clients. Legend Capital is an investor in Momentum Sports and will become a shareholder in CAA China as part of the deal. The deal, according to Legend Capital, marks CAA China’s entry into the sports marketing industry. China’s sports industry market reached $56 billion in 2013 and is expected to reach $470.3 billion in 2025, according to statista.com “We are excited to become part of a company with such a stellar global reputation like CAA and look forward to working collaboratively with our new colleagues — both domestically and internationally — to develop new opportunities for clients in the market,” Momentum Sports founder Mark Gao said in a statement. CAA China was launched in April 2017 by CAA and its partner, Chinese investment firm CMC Capital Partners. The media and entertainment platform is engaged in talent representation, media finance, brand consulting and entertainment marketing. Founded in 2001, Beijing-based Legend Capital manages several USD funds and RMB funds with total assets under management of RMB35 billion ($5.5 billion). It focuses on innovation and growth enterprises with operations in China or related to China. Recently, the China-focused investment firm made the first close of its second RMB healthcare fund at RMB1 billion ($156 million), according to the repost of a media report on its official WeChat account. The target corpus of the healthcare fund is between $240 million and $310 million. It will target investments in innovative medicine, precision treatment, medical devices, diagnostic technologies and medical services, and genetic technologies. It will also consider both early- and later-stage investments. Also Read:

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.