Chinese entrepreneur stumps up US$1.45 million purse to defeat MMA fighter Xu Xiaodong
Prize to be split over five bouts, says founder of drinks empire

A Chinese tycoon is offering a total of 10 million yuan ($US1.45 million) to anyone who can defeat the mixed martial arts (MMA) fighter who sparked a storm over the merits of traditional martial arts versus modern combat.
Chen Sheng, the multimillionaire entrepreneur who founded the Tiandi No. 1 drinks company, has raised the stakes to “defend the dignity” of martial artists after tai chi master Wei Lei was pounded into submission in under 10 seconds by MMA fighter, coach and promoter Xu Xiaodong.
Chen’s prize money will be allotted over five separate matches against Xu, who has been openly accepting challenges from martial arts masters from around China, the Information Times reported.
The winner of each bout will pocket 1.5 million yuan (US$218,000 or HK$1.7 million, while the loser will take home 500,000 yuan. Chen said he was willing to allow Xu to take home millions if he wins.