It seems that March is a good time to be an affiliate company of Chinese internet giant LeEco, former LeTV. Shortly after LeCloud raked in a 1 billion yuan (150 million USD) A round, the company’s emerging online sports media unit LeSports is raising a massive 7 billion yuan (1.07 billion USD) series B, putting LeSports at a valuation of 20.5 billion yuan (3.15 billion USD). The news was indirectly revealed from an announcement made by Zhenzhen-listed Caissa Touristic.

[Update]

(Yueting Jia, founder, chairman and CEO of LeSports’ parent company Le Holdings, announced April 7 that the company’s sports arm has secured 8 billion RMB (1.2 billion USD) in Series B financing at 21.5 billion RMB valuation.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.