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From Manchester to Montevideo: City Football Group targets global domination


From Manchester to Montevideo: City Football Group targets global domination
Montevideo (AFP) – Manchester City have at last reached the Champions League final after a decade of Abu Dhabi investment, but the global ambitions of the club’s owners stretch far beyond England’s northwest.
The English champions are the jewel in the crown of the City Football Group (CFG), a network of 10 clubs across five continents from Melbourne to Montevideo.
CFG’s stated aim is to become the “first truly global football organisation”, putting into place CEO Ferran Soriano’s plans for the “Disneyfication” of the football industry.
Pep Guardiola’s men can complete a treble if they beat Chelsea in Porto with a fourth consecutive League Cup and fifth Premier League title in 10 years already secured. ....

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From Deal Frenzy to Decoupling: Is the China-Hollywood Romance Officially Over?


From Deal Frenzy to Decoupling: Is the China-Hollywood Romance Officially Over?
Patrick Brzeski
Nomadland at the 93rd Oscars, Disney began tiptoeing around potential land mines with regard to China, the director’s home country and the studio’s most important international market. “Please note in your ongoing coverage of
Nomadland that Chloé Zhao is a Chinese filmmaker,” an executive for Disney-owned Searchlight emailed members of the Hollywood press on March 4. “You may accurately refer to her as Chinese or a Chinese National.”
A number of news outlets, including
The New York Times, had mistakenly referred to Zhao as Asian American, but the bluntness and blanket nature of the proviso was conspicuous. As it would turn out, Disney had abundant reason to be concerned over how the provenance and perceived allegiances of its rising star director, who was also helming the studio’s forthcoming $200 million Marvel tentpole ....

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Troyes return to France's elite backed by Manchester City owners


Paris (AFP) – Three years after relegation from Ligue 1, Troyes have sealed a return to the French top flight under former Marseille midfielder Laurent Batlles and backed by the City Football Group (CFG), the parent company of Manchester City.
Despite last September’s takeover by CFG, majority-owned by Sheikh Mansour’s Abu Dhabi United Group, promotion was not necessarily the overriding objective for a modest club from a region better known for its champagne.
But it was the reward for a successful season for a team that became the 10th in CFG’s global stable, joining the likes of New York City, Melbourne City and Yokohama F. Marinos in Japan. ....

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Sequoia-backed gym chain Supermonkey close to unicorn status post Series E round


Sequoia-backed gym chain Supermonkey close to unicorn status post Series E round
May 8, 2021
Chinese gym chain Supermonkey, which started out in 2014 with a self-service, container-made gym box, is now near a unicorn valuation of $1 billion after the completion of its latest Series E round at “hundreds of millions of yuan,” its investors announced earlier this week.
The Series E round was led by a sub-fund of CICC Capital, the flagship investment platform of investment banking firm China International Capital Corporation (CICC). CICC served as the exclusive financial advisor of the deal.
Supermonkey’s fundraising success rode on the steady growth of China’s fitness industry, supported by the country’s increasingly wealthier middle class, a shift towards more sophisticated lifestyles, and a growing awareness of staying fit. ....

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