Fab.com Inc
The truth is that any company operating in the online design industry will face stiff competition. Fab.com Inc. was previously headquartered in New York. Despite this, Tencent Holdings recently made a significant investment in the company, valued at around one billion dollars. Fab had previously expressed an interest in entering the Asian market.
Fab.com Inc
Jason Goldberg, the company’s CEO, says “it’s a method to enter markets through strategic partners that can assist lower risk and raise the likelihood of success.” The company, which had been in operation for two years, was purchased by PCH International in 2015. Following the incident, the company rebranded as a health brand that specializes in yoga equipment.
The Cleveland Cavaliers
The NBA franchise was able to make its debut in the league in 1970 thanks to the help of sponsors. The Cleveland Cavaliers continued to grow in the decades after that. Companies such as Goodyear Tire and Rubber Company, among others, backed it up. However, in 2019, they began to pique the interest of international investors as well.
The Cleveland Cavaliers
The Cavaliers formed a partnership with Jianhua, a Chinese billionaire who had previously worked with the New York Yankees and other professional sports teams, earlier this year. According to reports, he purchased a 15 percent interest in the NBA franchise. There’s no reason to be surprised, as sports clubs in general frequently receive funding from overseas sources. This is also one of the reasons why LeBron James has such a devoted following in China!
