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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

China's Supermonkey health club chain valued at US$1bn

Chinese health club chain Supermonkey has finalised a series E funding round
The deal values the company at nearly US$1bn
The company's valuation is the latest sign of the hotting up of the Chinese fitness market
The government has set a target of 37 per cent if the Chinese population to be physically active by 2022

Chinese health club chain Supermonkey has finalised a series E funding round, valuing the company at nearly US$1bn.

The latest round was led by a sub-fund of CICC Capital – the investment platform of China International Capital Corporation.

The company's valuation is the latest sign of the hotting up of the Chinese fitness market, driven by increased wealth among the population's expanding middle class.

Founded in 2014, Supermonkey initially launched as a 24-hour, self-served gym concept in the city of Shenzhen.

It has since grown rapidly, however, and has added group classes to its offer.

It currently operates 150+ sites across China's main urban markets – including Shanghai and Beijing.

Its success has been partly credited to its flexible concept, which offers short-term memberships without long-term contracts.

Consumers can also access group classes and gym facilities on an hourly, pay-as-you-go basis via a mobile app.

The health and fitness sector is growing at a fast pace in China, partly due to the Chinese government's strategic plan to get more people engaged in regular exercise.

The government has set a target for 37 per cent of the adult population to be physically active by 2022, from a base figure of 28 per cent in 2007.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Chinese health club chain Supermonkey has finalised a series E funding round, valuing the company at nearly US$1bn.
HAF,FIT,IND,PTS
2021/THUMB347901_312691_932878.jpg
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News

China's Supermonkey health club chain valued at US$1bn

Chinese health club chain Supermonkey has finalised a series E funding round
The deal values the company at nearly US$1bn
The company's valuation is the latest sign of the hotting up of the Chinese fitness market
The government has set a target of 37 per cent if the Chinese population to be physically active by 2022

Chinese health club chain Supermonkey has finalised a series E funding round, valuing the company at nearly US$1bn.

The latest round was led by a sub-fund of CICC Capital – the investment platform of China International Capital Corporation.

The company's valuation is the latest sign of the hotting up of the Chinese fitness market, driven by increased wealth among the population's expanding middle class.

Founded in 2014, Supermonkey initially launched as a 24-hour, self-served gym concept in the city of Shenzhen.

It has since grown rapidly, however, and has added group classes to its offer.

It currently operates 150+ sites across China's main urban markets – including Shanghai and Beijing.

Its success has been partly credited to its flexible concept, which offers short-term memberships without long-term contracts.

Consumers can also access group classes and gym facilities on an hourly, pay-as-you-go basis via a mobile app.

The health and fitness sector is growing at a fast pace in China, partly due to the Chinese government's strategic plan to get more people engaged in regular exercise.

The government has set a target for 37 per cent of the adult population to be physically active by 2022, from a base figure of 28 per cent in 2007.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Chinese health club chain Supermonkey has finalised a series E funding round, valuing the company at nearly US$1bn.
HAF,FIT,IND,PTS
2021/THUMB347901_312691_932878.jpg

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I don’t want to compete with gyms, I want to complement them. We’re going to places where they’re not – parks, schools and cul-de-sacs
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Video Gallery
Les Mills
Sport Alliance GmbH
Total Vibration Solutions / Floors 4 Gyms / TVS Sports Surfaces
Company profiles
Company profile: Xn Leisure Systems Ltd
Xn Leisure is a provider of cutting-edge health and fitness software, offering an exceptional service ...
Company profiles
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For over 50 years Les Mills has been leading the way in fitness to inspire ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Lockers/interior design
Safe Space Lockers Ltd: Lockers/interior design
Skincare
Comfort Zone - Davines S.p.A: Skincare
trade associations
International SPA Association - iSPA: trade associations
Exercise equipment
Matrix Fitness: Exercise equipment
Architects/designers
Zynk Design Consultants: Architects/designers
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Spa software
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Salt therapy products
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Wearable technology solutions
MyZone: Wearable technology solutions
Management software
Premier Software Solutions: Management software
Property & Tenders
Bilborough, Nottingham
Bilborough College
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Welwyn Garden City
Welwyn Hatfield Borough Council
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Diary dates
01-03 Feb 2022
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
07-10 Apr 2022
Exhibition Centre , Cologne, Germany
Diary dates
15-16 Jun 2022
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Diary dates
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