Z
Zhangyu
Online sports lottery and live games platform
About Zhangyu
Founded in 2013, 8Win, also known as Zhangyu, is a Beijing-based company that operates an online sports service platform. The platform's primary offerings include the sale of sports lottery tickets and providing live streaming of various sporting events. The live streaming service, Zhangyu Zhibo, covers a wide range of sports such as football, basketball, tennis, and UFC, featuring popular leagues like the Chinese Super League, the English Premier League, and the NBA. The platform utilizes plugin-free playback technology to deliver high-definition and smooth broadcasts accessible across multiple devices.
The company's target market consists of sports fans and lottery participants in China. Its business model revolves around providing comprehensive sports-related content, including real-time news and in-depth analysis, to engage users and drive participation in its lottery and gaming services. While initial information mentioned sales of sports lottery, the current focus appears to be heavily on the live streaming aspect, branded as Zhangyu Zhibo (章鱼直播), which translates to Octopus Live. The platform also offers instant scores and replay functionality.
Over its history, 8Win has secured $10 million in funding from investors including LeSports, SIG (China), Source Code Capital, and Palm Commerce Information Technology.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES B✓Equity / VC | Feb 2016 | $10M | $40M | Le Sports | — |
| SERIES A✓Equity / VC | May 2015 | $0 | — | Source Code Capital | — |
Growth signals
Latest recorded traffic for Zhangyu is 270 monthly website visits, down 60.3% over the last three months. Zhangyu's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A2 investors entered at this stage
Source Code Capital
Le Sports
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Zhangyu on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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