Greg Gilligan, PGA Tour's Greater China managing director, second from left, shakes hands with Hong Li, co-founder and Chairwomen of Shankai Sports, during a signing ceremony to announce their joint partnership and management of the PGA Tour China series for 20 years from 2018 at a hotel in Beijing Thursday, Dec. 7, 2017. Shankai, a Beijing-based firm, says its new venture is receiving a 300 million yuan
Greg Gilligan, PGA Tour's Greater China managing director, second from left, shakes hands with Hong Li, co-founder and Chairwomen of Shankai Sports, during a signing ceremony to announce their joint partnership and management of the PGA Tour China series for 20 years from 2018 at a hotel in Beijing Thursday, Dec. 7, 2017. Shankai, a Beijing-based firm, says its new venture is receiving a 300 million yuan $45 million) investment from Yao Capital, a private equity firm co-founded by former Houston Rockets player Yao Ming, and U.S.-based IDG Capital.
Greg Gilligan, PGA Tour's Greater China managing director, second from left, shakes hands with Hong Li, co-founder and Chairwomen of Shankai Sports, during a signing ceremony to announce their joint partnership and management of the PGA Tour China series for 20 years from 2018 at a hotel in Beijing Thursday, Dec. 7, 2017. Shankai, a Beijing-based firm, says its new venture is receiving a 300 million yuan $45 million) investment from Yao Capital, a private equity firm co-founded by former Houston Rockets player Yao Ming, and U.S.-based IDG Capital.

PGA Tour signs deal to partner Chinese firm Shankai

December 07, 2017 05:05 AM

UPDATED December 07, 2017 05:06 AM

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