China’s professional sports industry will reach RMB 1.6tn (US $242bn) in annual revenue by 2025, a new report said, as a flood of investment chases demand for more homegrown entertainment and answers the government’s call to improve the level of Chinese national teams, Caixin reports. The professional sports sector will grow at a compound annual rate of more than 20% from 2016 to 2025, according to the report from venture capital firm China eCapital Corp. Meanwhile, the larger market for amateur recreational sports will grow from the current RMB 1.2tn to 3.5tn over that period, with a 12% compound annual growth rate each year.
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