Xinhua Sports & Entertainment
Xinhua Sports & Entertainment Limited was a Chinese media company formerly known as Xinhua Finance Media Limited, listed on Nasdaq before its delisting and subsequent liquidation.
Last updated August 26, 2026
AI crawler reads
No AI crawler has read this profile since Oct 28, 2026.
Overview
Xinhua Sports & Entertainment Limited, commonly abbreviated as XSEL, was a Chinese media company whose corporate history was closely associated with the Xinhua Finance group. The company was incorporated in the Cayman Islands on 7 November 2005 and later entered the United States public markets through a Nasdaq listing in March 2007. At that stage it operated under the name Xinhua Finance Media Limited, presenting itself as a China-focused media business. The company changed its name to Xinhua Sports & Entertainment Limited on 2 March 2009. The rebranding reflected a repositioning toward sports and entertainment activities, although the available reference material does not provide a sufficiently detailed account of its individual products, channels, properties, or audience businesses. The name change also occurred against a background of scrutiny concerning the company’s relationship with Xinhua Finance and the use of the Xinhua name. In 2007, Xinhua News Agency, the Chinese state-owned news agency, publicly stated that it had no relationship with XSEL’s parent company, Xinhua Finance. This clarification was significant because the company’s branding could be understood as implying an institutional connection with Xinhua News Agency. The available material does not establish that XSEL was owned by or controlled by the agency. The company’s public-market history ended with its delisting in 2011. The reference material links the collapse to exposure of the company’s actual financial condition and states that the business subsequently entered liquidation. The corporate failure was accompanied by legal and criminal proceedings involving senior management. In 2011, Lynn Tilton sued Fredy Bush, described as a former friend and chief executive of XSEL, alleging fraud. In 2013, Bush was jailed. The available sources do not provide enough verified information to summarize the charges, judgment, sentence, or the precise causes of the company’s liquidation in greater detail. Xinhua Sports & Entertainment is therefore best understood as a defunct, formerly Nasdaq-listed Chinese media company rather than as a continuing consumer-facing brand. Its principal historical significance lies in its short public-company life, its name change from Xinhua Finance Media, the disputed association suggested by its use of the Xinhua name, its eventual delisting and liquidation, and the criminal and civil proceedings involving former senior management.
History
Xinhua Sports & Entertainment Limited was incorporated in the Cayman Islands on 7 November 2005 as a China-focused media company. Its original corporate name was Xinhua Finance Media Limited, and it was associated with the wider Xinhua Finance group. The company subsequently pursued a public listing in the United States and entered Nasdaq in March 2007. The company’s name and branding generated institutional sensitivity. In 2007, Xinhua News Agency publicly stated that it had no relationship with XSEL’s parent company, Xinhua Finance. This statement distinguished the state-owned news agency from the commercial company and addressed the possibility that the shared use of “Xinhua” could lead observers to assume a corporate or ownership connection. On 2 March 2009, Xinhua Finance Media changed its name to Xinhua Sports & Entertainment Limited. The change marked a shift in corporate identity toward sports and entertainment. The available reference material does not describe the company’s operating divisions or provide enough information to reconstruct a detailed product history, so its specific media properties cannot be documented reliably here. The company’s public-market existence ended in 2011, when it was delisted. Reference material attributes the company’s collapse to the exposure of its actual financial condition and states that it then entered liquidation. The failure also led to legal proceedings involving former senior management. In 2011, Lynn Tilton sued Fredy Bush, identified as a former chief executive of XSEL, for fraud. In 2013, Bush was jailed. The available source does not provide sufficient detail about the underlying proceedings to state the charges, verdict, or sentence with precision. Xinhua Sports & Entertainment is now defunct. Its documented corporate arc runs from Cayman incorporation and Nasdaq listing under the Xinhua Finance Media name, through a 2009 sports-and-entertainment rebranding, to delisting, liquidation, and litigation involving its former chief executive.
- 2013
Former CEO Fredy Bush jailed
[1]Fredy Bush, a former chief executive, was jailed; the available source does not specify the full legal details.
- 2011
Delisting and liquidation
[1]The company was delisted and subsequently entered liquidation after scrutiny of its financial condition.
- 2009
Corporate name changed to Xinhua Sports & Entertainment
[1]On 2 March 2009, Xinhua Finance Media Limited adopted the name Xinhua Sports & Entertainment Limited.
- 2007
Nasdaq listing
[1]Xinhua Finance Media Limited was listed on Nasdaq in March 2007.
- 2007
Xinhua News Agency denies corporate relationship
[1]Xinhua News Agency stated that it had no relationship with Xinhua Finance, the parent company associated with XSEL.
- 2005
Incorporation in the Cayman Islands
[1]The company was incorporated in the Cayman Islands on 7 November 2005 as Xinhua Finance Media Limited.
Products and positioning
A China-focused media company that later adopted a sports and entertainment-oriented corporate identity.
Controversies
2013
Former CEO jailed
Fredy Bush, a former chief executive of XSEL, was jailed. Further legal details are not established by the supplied reference.
2011
Financial-condition scrutiny, delisting, and liquidation
The company was delisted after exposure of its financial condition and subsequently entered liquidation.
2011
Fraud lawsuit involving former CEO
Lynn Tilton sued former XSEL chief executive Fredy Bush for fraud. The available reference does not provide the final disposition of the civil case.
2007
Disputed association with Xinhua News Agency
Xinhua News Agency publicly stated that it had no relationship with XSEL’s parent company, Xinhua Finance, distinguishing the state-owned agency from the commercial media company.
Brand decisions
2011
Exit from public markets and liquidationOtherBackground
The company’s financial condition came under scrutiny.
Action taken
XSEL was delisted in 2011 and subsequently entered liquidation.
Aftermath
The company ceased operating as a continuing public media business.
2009
Rebrand from Xinhua Finance Media to Xinhua Sports & EntertainmentStrategyBackground
The company had operated under the Xinhua Finance Media name since its incorporation and Nasdaq listing.
Action taken
It changed its corporate name to Xinhua Sports & Entertainment Limited on 2 March 2009.
Aftermath
The rebrand preceded the company’s 2011 delisting and liquidation.
Sources1 sources
Cite this profile: Cite the canonical profile. /brand-wiki/xinhua-sports-and-entertainment · Editorial policy · How profiles are compiled