Financing moves fall in sports industry

The sports-related sector in the nation is undergoing consolidation and witnessing a period of cooling down, judging by the slowdown in financial activities during the first 10 months of the year, experts said on Tuesday.

"During the first 10 months of 2018 there were 131 financing deals in the sports industry, merely one more than in the same period last year," said An Fuxiu, founder of Sportbank, a Beijing-based sports industry consultancy. "Unlike previous years, investors have become more rational, but are still passionate about premium projects."

According to An, investment activities have showed a downtrend in the first three quarters.