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China's State Council issued a circular on August 3 to push forward an extensive new five-year mass fitness program. It proposes that by 2025, the proportion of people who regularly take part in physical exercise will reach 38.5% from 37.2%.
On October 24, the company behind the fitness app Keep started a big round of layoffs, according to 36Kr.
By offering virtual fitness lessons, pre-recorded workout videos or remote one-on-one coaching during the pandemic, many fitness platforms believe these actions may permanently change the landscape of the industry.
Carrying forward many similar designs from its predecessor the Mi Band 4, the latest fitness tracker Mi Band 5 has been updated and brings a ton of new features at a super low price.
This past week saw Keep, China’s answer to Nike’s Training Club, officially become the first unicorn in the world of fitness tech.
If you walk around central business areas in Beijing or Shanghai, you will likely be stopped by the nearby gyms’ hardworking sales team.
The valuation of China’s most popular fitness app Keep has risen to about $2 billion following a $360 million funding round, according to Chinese tech news site 36Kr.
Xiaomi injects funds into bodybuilding course maker I-Fitness, Julive rakes in 400 million yuan, Allianz tightens partnership with WeLab, while Xpeng Motors secures a new commitment from the Guangdong government.
Sports technology company Keep submitted its application on February 25 for a public listing in Hong Kong, with Goldman Sachs and CICC serving as co-sponsors.
Intelligent fitness brand Speediance announced on Friday that it has completed a pre-A round of financing, with a total amount exceeding tens of millions of yuan.