The Cleveland Cavaliers
With the assistance of sponsors, the franchise in the NBA was able to make its debut in the league in 1970. Following that, the Cleveland Cavaliers continued to grow in the decades that followed it. It attracted support from companies such as Goodyear Tire and Rubber Company, among others. In 2019, however, they began to attract the attention of international investors as well. Earlier this year, the Cavaliers formed a partnership with a Chinese billionaire named Jianhua, who had previously worked with the New York Yankees and other professional sports clubs. According to reports, he invested in the NBA franchise by purchasing a 15 percent interest. There is no reason to be surprised, as receiving financing from overseas sources is not uncommon for sports clubs in general. This is also one of the reasons why LeBron James has such a large fan base in the People’s Republic of China!
The Cleveland Cavaliers
Riot Games Inc
Riot Games is a name that will be familiar to everyone who has participated in the multiplayer online gaming phenomenon League of Legends. The game, which was first released in 2009, quickly gained a significant fanbase and eventually became the company’s most well-known product. Even though Riot Games has been collaborating with Tencent for a long time, their collaboration reached its zenith in 2015. The Chinese corporation acquired the remaining holdings in the company. It became the parent company of Riot Games as a result. It already controlled 93 percent of the gaming company before this event. With this in mind, we are under the idea that the new development was already a given at the time of publication. The company Riot Games is estimated to be worth $6 billion.
Riot Games Inc
