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HUPU Sports set for IPO

By Wang Hailong 26 Apr 2016

HUPU Sports (Shanghai) Media Co Ltd has published its prospectus on the website of China Securities Regulatory Commission (CSRC) on 22nd April and has sought a listing on the Shanghai Stock Exchange.

The predecessor of HUPU Sports was hoopCHINA, which was founded by Cheng Hang in 2004 while he was studying in the USA.

Cheng Hang holds a 29.56% share of HUPU Sports directly and 2.09% indirectly, with a 31.65% share in total.

hoopCHINA focused almost exclusively on covering basketball.

HUPU Sports has expanded from a basketball medium to a sports platform and operates a sports website for the reporting and data analysis of sports news and events.

From last December Cheng Hang has served as a director of Guirenniao Co Ltd, a public company which focuses on sports-related business.

Source:Sina Finance

Proofread by Sean O Diobhilin

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