Tianfu Culture Tourism(SZ:000558)2022-12-08 01:14Group 1: Development Strategy - The company emphasizes a four-pronged development strategy: marketization, internationalization, networking, and securitization [2][3][4] - Establishment of a sports industry trading center in Hengqin Free Trade Zone and Zhejiang Province to facilitate the marketization of sports resources [3][5] - Acquisition of the Stankovic Cup and the Asian Basketball Association (ABA) to enhance international presence [3][6] Group 2: Financial Initiatives - Creation of a 5 billion fund for the sports industry, focusing on "Internet + Sports" and "Sports Leisure" sectors [4][7] - Investment in WanHao Information Technology Co., acquiring 35% equity to develop a sports O2O platform [5][6] - Establishment of the Hengqin Investment Fund Management Co. to manage investments in the sports sector [5][6] Group 3: Operational Developments - Launch of various initiatives including the establishment of a sports event dissemination company in Macau [5][6] - Collaboration with China Sports Media Group to enhance sports planning and design services [6][7] - Transitioning the company name to "Rhein Da Sports Development Co., Ltd." to align with its strategic focus [6][7] Group 4: Market Engagement - Partnership with WBC to enter the boxing sector and enhance event offerings [7][8] - Engagement in the Zhejiang Women's Football Club operation, marking a significant reform in Chinese football [7][8] - Plans to divest non-operational real estate to focus resources on sports development [7][8]