With another Olympics wrapped up, sports is a hot topic for startups and VCs looking for new moneymaking opportunities in China.

The Chinese sports industry aims to amount to over three trillion yuan ($460 billion USD) by the end of 2020, according to China’s sports development five-year plan. Oscar Jazdowski, the head of corporate banking at SPD Silicon Valley Bank, told TechNode that the sports industry can be “a multi-billion RMB industry” for China’s tech ecosystem in the next ten years.

“China has 1.4 billion people without a main sports industry. To a country’s economy, [the] sports industry is a huge part of GDP,” said Mr. Jazdowski at a Founder’s day event, a startup round table talk event hosted by Startup Grind.

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Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com