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Sports retailer Fanatics enters China via venture with Hillhouse Capital

Sports retailer Fanatics enters China via venture with Hillhouse Capital * Fanatics bets on untapped demand for sports gear * New venture to be based in Shanghai * Hillhouse to bring expertise in Asian markets * U.S. firm says still no timeline for possible IPO (Adds company comment) By Krystal Hu and Richa Naidu CHICAGO/NEW YORK, Feb 25 (Reuters) – Fanatics Inc, the world’s biggest licensed sports merchandise retailer, said on Thursday it was expanding into China via a venture with private equity firm Hillhouse Capital Group, as the e-commerce platform considers a possible public listing.…

This data comes from the ChinaPulse.com media intelligence and smart news insights platform.

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