China: Yao Capital leads $75m funding in sports school Doing Now

China: Yao Capital leads $75m funding in sports school Doing Now

U.S. 100 dollar banknotes and Chinese 100 yuan banknotes are seen in this picture illustration in Beijing, China, January 21, 2016. REUTERS/Jason Lee

Yao Capital, the Chinese private equity firm co-founded by former NBA superstar Yao Ming, has led a $75 million (RMB500 million) funding round in Doing Now, a privately-held Chinese sports school for children, AVCJ reported.

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