Tianfu Culture Tourism(SZ:000558)2022-12-08 01:21Group 1: Development Strategy - The company emphasizes a four-pronged development strategy: marketization, internationalization, networking, and securitization [2][3][4] - The establishment of a sports industry trading center in Hengqin Free Trade Zone and Zhejiang Province aims to facilitate the marketization of sports resources [3][4] - The acquisition of the Stankovic Cup and the Asian Basketball Association (ABA) signifies the company's internationalization efforts [3][6] Group 2: Financial Initiatives - The company has set up a fund in Hengqin and initiated a 5 billion yuan sports industry fund to invest in local sports-related enterprises [4][7] - The acquisition of a 35% stake in Wanhang Information Technology Co., Ltd. aims to create a comprehensive sports industry network service platform [5][6] - The company plans to further increase its stake in Wanhang to achieve a controlling position [5] Group 3: Recent Activities and Collaborations - In March 2015, the company established a subsidiary in Macau to expand international operations in sports events [5] - A partnership with WBC was formed in September 2015 to enter the boxing sector [7] - The company is actively restructuring and recruiting sports talents to support its transition into the sports industry [7] Group 4: Market Positioning - The company is focusing on creating a one-stop service experience for users through its "Sports World" platform, covering various sports-related services [4] - The company is also involved in the operation of the Zhejiang women's football club, marking a significant step in the mixed ownership reform of Chinese football [7] - The company plans to divest non-operational real estate assets to secure funding for its strategic development in the sports industry [7]