The Cleveland Cavaliers
The NBA’s first franchise was established in 1970, with the help of business sponsors. Following then, the Cleveland Cavaliers grew in size. The Goodyear Tire and Rubber Company were one of the investors. However, in 2019, they began to receive investment from outside the country. Previously, the Cleveland Cavaliers worked with the New York Yankees and other American sports teams through billionaire Jianhua. According to media reports, he bought a 15% share in the NBA team. There is no cause to be concerned, as foreign investment in sporting clubs is not unusual. This explains why LeBron James is so well-liked in China.
The Cleveland Cavaliers
Riot Games Inc
Riot Games is well-known to everyone who has ever played League of Legends, an online massively multiplayer game. It first appeared in 2009 and quickly became popular, eventually becoming the company’s most popular product. Riot Games and Tencent have been working together for a long time, but their relationship peaked in 2015. Riot Games’ remaining shares were purchased by a Chinese entity, which became Riot Games’ parent company. Prior to this, it owned 93 percent of the gaming company. As a result, we believe that the future evolution was predetermined. Riot Games is believed to be worth $6 billion.
Riot Games Inc
