With the State Council projecting that the country’s sports industry to reach US$734 billion by 2025 amid growing interests and demand for sports and sports venues, developers and local governments are keen to capitalise on the trend. Photo: Xinhua

Chinese developer buys stake in China Sports to tap sports facility sector

China Aoyuan Property has offered to pay 3.3 billion yuan for the stake to make further inroads into the sports-related property development sector on the back of a booming sports industry

Topic |   China property

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With the State Council projecting that the country’s sports industry to reach US$734 billion by 2025 amid growing interests and demand for sports and sports venues, developers and local governments are keen to capitalise on the trend. Photo: Xinhua
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