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Alibaba invests in digital sports data company

Tuesday April 19,2016 :  CHINESE E-COMMERCE GIANT CONTINUES TO SHOW INTEREST IN THE SPORTS BETTING INDUSTRY
 
Alibaba and Handnice Capital invest $1.5 million in Chinese digital sports provider.
 
The Chinese e-commerce giant Alibaba continued to show interest in online gambling this week with a $1.5 million investment along with the Handnice Capital in Chinese digital sports data company LeidaSports.
 
The new deal follows last September's formation of Ali Sports in collaboration with media corporation Sina and private equity firm Yunfeng Capital  and the more recent agreement by Alibaba subsidiary UC Web with Sports Craze and LeidaSports.
 
The investment will see LeidaSports, which provides sports data information and betting services, merging with Chinese sports application Sports Craze, which has an active user base of more than five million. Sports Craze will then operate as a subsidiary of LeidaSports.
 
The merged company will supply sports data and diverse content to sports content providers across China through LeidaSports’ existing partnership with leading sports and betting-related data company Sportradar.
 
Chinese punters will benefit from access to a wide range of virtual sports games, in addition to a play-for-fun sportsbook via the Leidasports/Sports Craze network, the company statement claims.
 
The two brands will also work together to develop a range of betting services for the Chinese Super League domestic club football competition. This will include betting services on the Leidasports/Sports Craze website and mobile application, combined with other related betting services that will target the entertainment and e-sports sector.
 
Kai Sun, co-founder of LeidaSports, said: “The two companies will develop rich sporting data and games based on European football and basketball leagues."
 
In the medium-term, Ali Sports will work with the Leida Group on e-Sports initiatives with leading sports competitions such as the North American NFL American football league and National Collegiate Athletic Association college sports conferences.



Gambling News :

League of Legends Live Odds - This week, Betradar, the premium partner for the betting industry worldwide, has officially launched live odds for League of Legends, developed in conjunction with esports big data specialists DOJO Madness.

JETS Media Traineeship awarded to Shelley Birkett and Jason Kiely - The 10-week RMG – JETS Media Traineeship will cover all aspects of the media, including presentation, punditry, production, digital, marketing and PR.

Comunio in deal with - One of the leading providers of fantasy sport across Europe, Comunio, has kicked off its pre-season build up by signing a transfer deal that will see Sportradar

McGregor’s Odds vs. Mayweather Get Even Shorter - Conor McGregor is still the underdog for his August 26 superfight in Las Vegas with Floyd Mayweather Jr., but his odds are improving. McGregor has shortened from +375 last week to +350 at press time, with Mayweather moving from –550 to –500.

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MLB Odds: Yankees vs. Jays at Rogers Centre - The Toronto Blue Jays (56-61, –14.26 betting units) are moving slowly up the AL Wild Card standings, and they can get closer to the Promised Land by beating up on the injury-plagued Tampa Bay Rays (59-60, –2.79 units). Game 2 of their four-game series is Tuesday at 7:07 PM ET on Sportsnet.

2017 ACR Moss Sign Up Bonus - The ACR MOSS kicks off this Sunday, August 13th at 1:00pm ET. If you’re new to the MOSS, it’s the Mini Online Super Series and the first part of our $6,700,000 GTD OSS Cub3d series.

New Microgaming HQ Opens - Microgaming’s new purpose built HQ on the Isle of Man, adjacent to its existing office, officially opened on 31 July 2017.

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