Chinese medalists create golden sponsorship deals
3 months, 2 weeks ago

Chinese medalists create golden sponsorship deals

China Daily  

By ZHU WENQIAN | China Daily | Updated: 2024-09-25 10:26 Visitors gather at Ant Group's booth behind a cutout of Chinese tennis player Zheng Qinwen, the company's sports ambassador, during a high-tech services expo in Shanghai on Sept 7. The latest generation of young Chinese athletes have been sought after by major enterprises for sponsorship deals, with gold medalists' commercial value reaching new peaks after the recently completed Paris 2024 Olympic Games. The sports agency behind Zheng is New York-based IMG, which has also signed deals with Chinese athletes such as freestyle skier Eileen Gu, men's big air champion Su Yiming as well as Li Na. In previous Olympics, Chinese athletes of table tennis, swimming, diving, gymnastics and shooting have been favored by brands for sponsorship deals, industry experts said. This year, China's online travel agency Trip.com Group signed sponsorship deals with four male Chinese athletes before the Paris Olympic Games, including record-breaking swimmer Pan Zhanle, and it turned out the company made a good investment.

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