A massive financial investment from a well-known financial firm is expected to be a boon for ONE Championship and its future plans in China.
The Asian MMA promotion announced the investment from Heliconia, a subsidiary of Singapore financial giant Temasek, on Tuesday. ONE officials confirmed with MMA Fighting that the investment is in the high eight figures and will be used primarily for expansion plans in China. Sources told MMA Fighting that ONE will open up an office in Shanghai as early as this month.
"I believe this partnership marks the beginning of a long and fruitful journey to bring ONE Championship to the rest of the world," ONE CEO Victor Cui said in a press release.