It announced that IDG Capital, a U.S. private equity investor with extensive holdings in China, will take a 20% stake in its company through a capital increase as a way to launch itself in a major way into that market with an eye on being the top winter sports brand in the market by the 2022 Olympics in Beijing. With a considerable amount of government backing, China is planning to grow the winter sports market at a 30% CAGR over the next few years. Among other things, the country has upgraded its ski facilities in recent years and projections shared ... Log in to view full article.