Lander Sports Development CO LTD. announced yesterday（4th May）it had reached a strategic agreement with Du-Bang Property & Casualty Insurance Company Ltd.
Du-Bang Property & Casualty Insurance Co Ltd. offers property and accident insurance services. The company was founded in 2005 and is based in Beijing.
Since its founding, Du-Bang has been actively involved in sports events and games. For example, it sponsored the IAAF World Junior Championships in 2006 and was the designated insurance service provider for the 2007 FIFA Women’s World Cup.
Lander Sports and Du-Bang will set up a joint venture in sports insurance later on.
Lander Sports is a Hangzhou-based public company which changed its main business from property development and sales to sports-related business and changed its name from “LANDER REAL ESTATE CO LTD” to “LANDER SPORTS DEVELOPMENT CO LTD” in July 2015.
On 12th April Lander Sports signed a strategic agreement with the Curling Champions Tour (CCT) China GmbH Switzerland to promote winter sports in China.
On 23rd April Lander Sports announced it would set up a Sports and Cultural Fund with Beijing Cultural Center Construction & Development Fund Management Co Ltd. The fund size will be RMB 1 billion.
Source : Lander Sports
Proofread by Sean O Diobhilin