CR Capital Management, a private equity real estate firm, led a $232m investment in Peak Sport Products, a firm engaged in manufacturing and distributing sports products including footwear, apparel and accessories. China Construction Bank, a commercial bank in China, also participated. Peak is expected to accelerate its expansion into first- and second-tier cities at home and abroad, targeting young consumers. The company also plans to further optimize its equity structure, upgrade distribution channels, and increase investment in product research and development.