At present, the Beijing Winter Olympics have come to a successful end, and in this Winter Olympics, our Chinese Beijing has achieved great success. So to be able to successfully hold the Winter Olympics in China, the Beijing Winter Olympics won the recognition of the end of the International Olympic Committee, and it also received applause from all over the world. Then facts have proved that through this Beijing Winter Olympics, sports fans around the world and athletes around the world have once again gained a new understanding of China, and this time the Beijing Winter Olympics have also become the pride of our people.
But at the same time, at such a time as the end of the Beijing Winter Olympics, I believe that the majority of sports fans are also paying attention to a very hot topic. That is the Beijing Winter Olympics this time, do we have any money? It's a down-to-earth topic, right, and it's also a concern every time there's a big event. Because in the hosting of the Beijing Winter Olympics this time, it is true that China has invested a lot of energy and money, so in order to make the Winter Olympics run smoothly, we have also made a lot of efforts, so whether these efforts can get more substantial value in addition to praise is a very real problem after the end of the Winter Olympics. And before that, we also saw the Summer Olympics in Tokyo, Japan, in August, when there was a loss. So as the organizer of the Olympic Games, Tokyo, Japan, not only did not make a profit, but also lost a huge investment of more than $6.4 billion. Then such a situation naturally worries us even more, because this time the Beijing Winter Olympics are also held under the circumstances of the epidemic, so many conditions are relatively similar, and this international environment is relatively consistent.
So how much will our investment be rewarded this time for the Beijing Winter Olympics? In fact, not long ago, the president of the International Olympic Committee, Bach, gave a very good news, but also unraveled all the knots in the hearts of sports fans who pay attention to the Winter Olympics. So just before this Beijing Winter Olympics project, Bach was involved in an interview in our country. In the interview, Bach said that the Beijing Winter Olympics will change dramatically, so that 300 million people have participated in ice and snow sports in China, and according to the International Olympic Committee's forecast, the market value of the Beijing Winter Olympics in China will reach 150 billion US dollars in 2025. Then such a market value assessment undoubtedly proves that the Beijing Winter Olympics, in addition to being very successful in holding the event, then after the successful holding of the event, it also got a perfect ending, reflecting a better market value. So there is no doubt that this time the Beijing Winter Olympics really crushed the Tokyo Summer Olympics in an all-round way, becoming the most successful event held at the moment of the epidemic.
Then seeing such an assessment by the International Olympic Committee, it is estimated that the Tokyo Olympic Organizing Committee will also directly cry. But in fact, in my personal opinion, this time our Beijing Winter Olympics can achieve such success, in the world's recognition while reflecting better market value, the main reason is that our China's Beijing Winter Olympics really did the heart, ah, many of our details have been perfect. In the same international environment, you can see that many details of the Beijing Winter Olympics are crushing the Tokyo Olympic Games, like the opening ceremony of our closing ceremony, including our mascot ice pier, all done very carefully, then these have been well recognized by society. So even if our market value reaches 150 billion, it is reasonable and reasonable.
I believe that seeing the successful conclusion of the great prosperity of the Beijing Winter Olympics this time, as domestic sports fans, we will certainly be more proud in our hearts. So this is also a crystallization behind our thousands of Chinese efforts, and I hope that through the Beijing Winter Olympics, China's sports industry can achieve another take-off.