The Cleveland Cavaliers
In 1970, the NBA’s first franchise was founded with the assistance of corporate sponsors. After that, the Cleveland Cavaliers continued to expand. The Goodyear Tire and Rubber Company was one of the backers. In 2019, however, they began to receive investment from outside the country. Previously, the Cleveland Cavaliers had cooperated with the New York Yankees and other American sports clubs through billionaire Jianhua. According to media reports, he bought a 15% share in the NBA team. There’s no reason to be alarmed, as foreign investment in sports clubs is nothing new. The reason Lebron James is so popular in China is because of this.
The Cleveland Cavaliers
Riot Games Inc
Riot Games is well-known to anyone who has ever played the massively multi-player online game League of Legends. It was released in 2009 and quickly grew in popularity, eventually becoming the company’s most well-known product. Despite the fact that Riot Games and Tencent have been working together for a long time, their relationship peaked in 2015. The remainder of Riot Games was acquired by a Chinese firm, which subsequently became Riot Games’ parent company. It already held a 93% stake in the gaming company before to this. As a result, we believe the next evolution was previously predetermined. Riot Games is estimated to be worth $6 billion.
Riot Games Inc
