FinTechFunding

SportsHero: Signs partnership deal with with Wuhan Monster Technology

SportsHero Signs partnership deal with with Wuhan Monster Technology

  • SportsHero (SPO) signs its first commercial agreement for China with Wuhan Monster Technology
  • The three-year, legally binding term sheet is with the commercial and operating arm of the Wuhan Esports Association, the second-largest gaming association in China
  • The parties have agreed that all revenue generated from all sources will be distributed evenly, including memberships, subscriptions, advertising and sponsorship
  • The company says it’s now well positioned to benefit from the continued rapid revenue growth of the Chinese gaming sector
  • The company pauses trading with shares last trading at 2.7 cents
Previous article
Joywell Foods: Raises $25 Million in Funding
Next article
Tyranna Resources: Confirms lithium mineralisation at Namibe
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Keyrock Strengthens Position with $1.1 Billion Valuation

Crypto investment specialist Keyrock secures significant market valuation boost.Highlights: Keyrock achieves a $1.1 billion valuation.Funding round aims to...
FinTech

LSEG Partners with Dell to Build Private Cloud Platform

Collaboration aims to enhance LSEG's cloud capabilities for financial services.Highlights: LSEG partners with Dell to create a private...
FinTech

Ethical Savings App Zero Ceases Trading Amid Financial Challenges

Zero, known for promoting ethical savings, halts operations due to financial issues.Highlights: Ethical savings app Zero has ceased...
FinTech

Wise Launches UK Current Account, Strengthening Banking Services

New offering aims to enhance financial management for UK customers.Highlights: Wise unveils its new current account service in...