<article><a style="color: #000080;" href="http://www.dealstreetasia.com/?s=cmc+holding">CMC Holdings</a> has invested RMB100 million ($15 million) in series B funding round of a sports data company Cubee, according to Yutang Sports.</article>

<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=cmc+holding">CMC Holdings</a> has invested RMB100 million ($15 million) in series B funding round of a sports data company Cubee, according to Yutang Sports.
Cubee specializes in commercial development of digital sports products and provide data services for various companies such as Alibaba, Tencent, Baidu, China Sports Media, Nike, Lesports and PPTV.
Its core product, Zuqiu Mofang, provides users with match forecasts based on big data analyses of events covering 450 football matches worldwide.
Recently, it announced to form the Chinese Sports Data Alliance to gather sports-related resources, sports data and sports capital to create a new business model in China.
“In my opinion, China needs the ‘big data plus sports’ model, and data will become the catalyst to create a revolution in the Chinese sports industry,” said Xu Zhihao, President of CMC Holdings.
The Alliance comprises China Sports Media, Whaley Technology, Shankai Sports, Super Sports Media Group, Deloitte China, Amisco China, Mathworks China, Northen Light Venture and Pingan Venture.
Cubee was launched in 2012 with a RMB1 million angel investment from iStart Venture Capital and subsequently raised RMB10 million through two rounds of financing.
China’s cultural and entertainment-focussed fund CMC has more than RMB10 billion of assets under management.
Last year, CMC and CITIC Capital Holdings Ltd made the first Chinese investment in the English premier league by acquiring a 13-per-cent stake in the City Football Group, parent company of Manchester City football club, for $400 million.
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CMC Holdings has invested RMB100 million ($15 million) in series B funding round of a sports data company Cubee, according to Yutang Sports.

Digital sports platform Cubee raises $15m from CMC

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Digital sports platform Cubee raises $15m from CMC

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