NNan Fung Group is a diversified property developer and investor focused on residential, commercial, and industrial real estate in Mainland China and overseas, including North America and Europe. It also invests in ICE sectors like life sciences, healthcare, and education through subsidiaries such as Pivotal and New Frontier. Its Mills project revitalizes its yarn factories into a mixed-use hub with experiential retail, a startup incubator, and an interactive gallery to support innovation and entrepreneurship. The group's goal is to create long-term value through sustainable property development and targeted investments that connect real estate, innovation, and services across Hong Kong/China and global markets.
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Industries
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$181.3M
Headquarters
Kowloon City District, Hong Kong
Founded
1954
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Total Funding
$181.3M
Above
Industry Average
Funded Over
1 Rounds
Hong Kong, China, April 9, 2026 – The Asian University Basketball League (AUBL), Asia’s premier pan-regional intercollegiate basketball league, today announced the closing of its Series A funding round. The round was led by Blue Pool Capital, the family office of Alibaba co-founder and Brooklyn Nets owner Joe Tsai, building on his seed-round investment last May.
The Asian University Basketball League, led by Alibaba co-chairman and Brooklyn Nets owner Joe Tsai, has completed a Series A funding round of at least eight figures. The Tsai family office, Blue Pool Capital, led the round. Investors include retired NBA All-Star Yao Ming, Marc Lasry's Avenue Capital, David Blitzer's Bolt Ventures, Hong Kong's Nan Fung Group and HSG (formerly Sequoia China). Blue Pool Capital also provided seed funding last year. AUBL will host its 2026 tournament in August in Hangzhou, featuring 12 university teams from across Asia, including first-time participants from the Philippines and Australia. The league will debut a 16-school season running from November 2026 through April 2027. The league aims to build upon established basketball interest in greater China and create an Asian college basketball tradition similar to March Madness.
DBS Hong Kong and Nan Fung Group closed a 5-year multi-currency sustainability-linked loan (SLL) worth HKD1.5 billion. This SLL, linked to Nan Fung's social value KPI, aims to enhance social impact and sustainability in Hong Kong. Initiatives include wellness programs and renewable energy targets. DBS and Nan Fung emphasize their commitment to sustainable finance and carbon neutrality.
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Industries
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$181.3M
Headquarters
Kowloon City District, Hong Kong
Founded
1954
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs