Yao Capital seeks $250m for overseas sports assets with China focus

Football Soccer -Atletico Madrid v Rostov - UEFA Champions League - Vicente Calderon stadium, Madrid, Spain, 1/11/16. Atletico Madrid's Koke and Diego Godin celebrate at the end of their match. REUTERS/Susana Vera

Yao Capital, the Chinese private equity firm co-founded by former NBA superstar Yao Ming, said it aims to raise $250 million for its first U.S. dollar fund that will invest in overseas sports assets with relevance to the Chinese market.

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