Summary List PlacementFanatics, the $6.2 billion unicorn that sells licensed sports gear for NFL, MLB, and other sports leagues around the world, is getting into China.To open up the sports license market in China, Fanatics is partnering with a well-positioned firm, Hillhouse Capital. Hillhouse is a leading Asia-focused private equity fund with a track record for leading Chinese companies in e-commerce and retail, including JD.com and Tencent. Hillhouse has also backed the sports retail business Topsports which operates more than 20,000 Nike and Adidas retails stores across China.