• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Alibaba backs digital sports data firm from China

Apr 20, 2016 Newsdesk Industry Talk, Latest News, Rest of Asia  


Alibaba backs digital sports data firm from China

Alibaba Group Holding Ltd – an investor in taobao.com, mainland China’s largest online shopping portal – is to join with Handnice Group in backing a Chinese digital sports data company to the tune of US$1.5 million.

The recipient firm, LeidaSports, which provides sports data information and betting services, will merge with another Chinese operator, a digital application called Sports Craze, according to a press release issued on Tuesday on behalf of LeidaSports. According to the same release, Sports Craze claims more than five million active users.

Under the new operating arrangement, LeidaSports and Sports Craze will collaborate to supply “sports data and various content to sports content providers” across China.

Data will come via LeidaSports’ existing partnership with sports and betting-related data company Sportradar AG, a multinational corporation with headquarters in St Gallen, Switzerland.

Kai Sun, co-founder of LeidaSports, said in a press release: “The two sides will develop rich sporting data and games based on European football and basketball leagues.”

Wang Guozhou, investment manager at Alibaba Group, added in the statement: “We are very proud be part of Leida Group/Sports Craze. Alibaba Group, together with Ali Sports, will set up a strategic partnership with Leida through its subsidiaries such as Alibaba Lottery, U.C. Web and Alipay.”

The release said that in September 2015, Alibaba Group secured a collaboration with media corporation Sina and private equity firm Yunfeng Capital to establish Ali Sports, with the goal of investing in the Chinese sports industry. In November, Alibaba then agreed a deal to acquire Chinese video streaming firm Youku to support the project.

Alibaba Group is also in the process of taking a majority stake in AGTech Holdings Ltd, a Hong Kong-listed operator in the China lottery market.

The Chinese authorities are mulling partially lifting the current ban on online sales of state lottery products, according to a report this week in the Chinese business newspaper The Economic Observer, which quoted as a source for the story a person it didn’t name.

According to the same newspaper, in 2014 – the year prior to the suspension of online sales of state lottery products – such product purchases generated RMB85 billion (US$13.1 billion).


  • tweet
Related articles
  • Chinese apps Alipay, WeChat Pay now at Manila’s Solaire
    Chinese apps Alipay, WeChat Pay now at...

    Aug 13, 2018  

  • Macau Fisherman’s Wharf accepting Alipay, Macau Pass
    Macau Fisherman’s Wharf accepting...

    Dec 14, 2017  

More news
  • Macau early Feb average daily GGR higher than Jan: JPM
    Macau early Feb average daily GGR...

    Feb 06, 2023  

  • Macau tour trade returns at historic areas, resorts says govt
    Macau tour trade returns at historic...

    Feb 06, 2023  


Latest News

Macau early Feb average daily GGR higher than Jan: JPM

Macau early Feb average daily GGR higher than Jan: JPM

Feb 06, 2023  

Macau’s casino gross gaming revenue (GGR) for the first five days of February is estimated at MOP1.9 billion (US$235.1 million) – or MOP380 million per day – a level that suggests a “45...
Read More
Macau tour trade returns at historic areas, resorts says govt

Macau tour trade returns at historic areas, resorts says...

Feb 06, 2023  

Cambodia ops to Mar 31 for due tax on non-gaming: report

Cambodia ops to Mar 31 for due tax on non-gaming: report

Feb 06, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The resumption [of mainland package tours] is definitely good news: recovering foot traffic for casinos [in Macau] is really important and their comeback will help with that”

Hoffman Ma Ho Man

Deputy chairman of Success Universe Group, promoter of casino-hotel Ponte 16



Most Popular

  • Return of tours good for mass floor traffic: observersReturn of tours good for mass floor traffic: observers February 3, 2023
  • Jaw-dropping wagers in Macau CNY survey: CitigroupJaw-dropping wagers in Macau CNY survey: Citigroup February 2, 2023
  • Galaxy Macau’s new arena to host K-pop group BlackpinkGalaxy Macau’s new arena to host K-pop group Blackpink January 9, 2023
  • Cyprus president says Melco CoD Mediterranean to aid nationCyprus president says Melco CoD Mediterranean to aid nation February 6, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us