LeSports, a leading sports media and operator majority-owned by LeEco, announced today that it had completed an RMB 8 billion ($1.2 billion) Series B financing. It was the single largest round of private equity financing in China's sports history, and one of the largest cap raises completed this year. The round, which was led by HNA (Hainan Airlines) and Zhongze Culture, attracted more than 20 institutional investors and a dozen entertainment and sports celebrities in China.
CEC Capital (formerly China eCapital), having helped LeEco Sports raise close to RMB 1 billion last year in its Series A financing, once again advised the company in this latest round.
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