Yao Ming-Backed Gym Chain Supermonkey Is Said to Mull Stake Sale

Chinese pay-as-you-go gym chain Supermonkey is considering options, including a stake sale, according to people familiar with the matter.

Supermonkey is working with an adviser and gauging interest from potential buyers, the people said, asking not to be identified because the deliberations are private. A sale could be worth several hundred million dollars, they said.

A representative for Supermonkey didn’t respond to a request seeking comment.

Founded in Shenzhen in 2014, Supermonkey has gym spaces in major Chinese cities that are easily accessible to office workers. Users pay each time they visit and can use a WeChat password to enter ...