"We are delighted to enter this exciting new partnership with TCL, following our hugely successful collaboration over the last two years," FIBA Secretary General Andreas Zagklis said.
PP Sports, owned by Chinese retail giant Suning Group, had signed a three-year deal with Premier League in 2016. The broadcaster has reportedly withheld a payment of 160 million pounds rights fees which were due to happen in March.
PP Sports released a statement on Thursday night, claiming the termination was just a "strategic adjustment".
The competition in Lausanne's Place de l'Europe played host to a fascinating duel between Duplantis and two-time world champion Sam Kendricks from the United States, whose best jump was 6.02 meters.
Before the game, Dalian ranked seventh with six points in the eight-team division in northeastern China's Dalian city, while Henan, also on six points, sat at the bottom by virtue of their inferior goal difference.
Klein called safeguarding the club's financial pattern more important than ever for the future of football.
TCL, founded in 1981, is one of the leading consumer electronics companies in China and has expanded its business to over 160 countries and regions worldwide.
Also on Thursday, former Italian international Eder scored the winner to help Jiangsu Suning beat Shangdong Luneng 1-0.
Rondon continued to demonstrate his prowess in the second half. In the 48th minute, the Venezuelan striker assisted Swedish winger Sam Larsson to stretch the lead for Dalian.
Fourth seed Naomi Osaka of Japan booked her place in the third round with a comfortable 6-1, 6-2 win over Italy's Camila Giorgi.
The 31-year-old's poor relationship with Real Madrid coach Zinedine Zidane is well documented and was made clear when Zidane only used him in two of the 12 games his side played when Spanish football resumed in June after lockdown.