The Cleveland Cavaliers
In 1970, the team in the NBA entered the league with the help of sponsors. The Cleveland Cavaliers kept growing in the decades that followed after that. Among others, it received backing from Goodyear Tire and Rubber Company. In 2019, however, they started to get overseas investors as well. The Cavs teamed up with a Chinese businessman called Jianhua, who had previously partnered with the New York Yankees and other American sports teams. Reports say that he purchased a 15% stake in the NBA team. There is no need to be shocked as it is not really unusual for sports teams to receive investment from foreign sources. This is also the reason Lebron James has such a huge following in China!
The Cleveland Cavaliers
Riot Games Inc
Anyone who plays the multiplayer online gaming phenomenon League of Legends will be familiar with Riot Games. Released in 2009, the game went on to accumulate a large following and became the best-known product of the company. Even though Riot Games has been working with Tencent for a long time already, their partnership reached its peak in 2015. The Chinese company purchased the rest of the stakes and became the parent company of Riot Games. Before this happened, it already owned 93% of the gaming company. With this in mind, we are under the impression that the new development was already a given. The value of Riot Games is said to be $6 billion.
Riot Games Inc
