The country's burgeoning middle class plays a pivotal role in this expansion, boasting financial empowerment and readiness to invest.
Starting in mid-March 2023, 361° was the first to release its full-year performance for 2022, with revenue of RMB 6.96 billion (about $1 billion), continuing to break historical revenue records and increasing by 17.3% year-on-year.
On February 21, NBA China and Chinese fintech firm Ant Group announced a strategic partnership to create original online content and customized experiences for fans on Alipay, a leading digital wallet platform in China.
Wu Yibing became the first Chinese mainland player to lift an ATP Tour trophy after winning the Dallas Open title on February 12. As it seems now, the 23-year-old tennis player's commercial value is soaring.
Anta Sports, a prominent Chinese athletic wear company, announced on January 18 its largest personnel adjustment since listing publicly 16 years ago.
On December 26, a state media outlet in China released its top ten world athletes of 2022. Eileen Gu, a US-born Chinese freestyle skier, beat Argentine professional footballer Lionel Messi, to win the top spot, which caused some doubt among Chinese netizens.
Eileen Gu, an Olympic champion in freestyle skiing, posted a training video to Chinese social media on December 21. In the video, the US-born Chinese athlete can be seen completing a switch 1260 tail grab, becoming the first female skier to successfully pull off this challenging stunt.
During the recent FIFA World Cup in Qatar, Chinese short video platform Douyin provided full-time and 4K ultra-high-definition free livestreaming content. On December 20, the platform released a report, showing that the cumulative number of livestreaming viewers of the World Cup reached 10.6 billion.
During the ongoing FIFA World Cup in Qatar, Abdulrahman Fahad al-Thani, a member of the country's ruling family, has become a hit among Chinese fans. On November 27, he officially set up an account on TikTok's sister app for mainland China, Douyin.
On November 20, the FIFA World Cup Qatar 2022 opened. From manufacturing, brand marketing, cultural derivatives to event broadcasting, the stadium is full of Chinese elements.
Li-Ning, a Chinese sports brand that has always claimed to have stuck to consumer-focused core values, has recently caused controversy over some products that are similar to Japanese military uniforms. The resulting backlash caused the company's share price to plummet.
Anta Sports Products Limited, a prominent sportswear company in China, increased its overall revenue in the first half of the year by 13.8% to 25.97 billion yuan ($3.79 billion), higher than Nike China's $3.7 billion in the same reporting period.
According to a ruling issued by the Beijing Higher People's Court on July 23, Chinese Basketball Association (Beijing) Sports Co., Ltd. has sued two operators of Bilibili, claiming 406 million yuan ($60.05 million) in damages.
Alibaba Sports' employees had received a letter from their CEO Mu Yang, saying that the company would be renamed as "Orange Lion Sports," and that he would also serve as the company's chairman.
Shenzhen-based Tencent Group announced on Thursday that it will adjust the organizational structure of its sports business department and cancel six of its internal business groups.
Around fifteen years ago, I had a bet with a friend: "which event will happen first, China‘s first goal in the World Cup, or a Chinese racing driver's first points-paying position in Formula One." The mystery was resolved on March 20.
When Ailing Eileen Gu landed her first-ever official attempt at a four-and-a-half-rotation trick and thereby won the gold medal, related hashtags were soon among the top trends.
Zhang Yimou, the general director of the closing ceremony of Beijing Winter Olympics, once again showed off Chinese romance at the show, which lasted close to 100 minutes, through rich technology and artistic interpretation.
The ski industry boom is real in China, but skiing is not always as glamorous as represented on social media. A significant proportion of China's skiers had their hands-on experience in semi-professional resorts often located in the outskirts of China's third-tier cities.
As an Olympics like none before draws to a close, Pandaily had a look at some of the key technologies underpinning the Beijing Olympic bubble.