Which top sports teams are owned by rich Chinese? Until very recently, Inter Milan was owned by Steven Zhang, which he lost because the Chinese government 'prevented' him from repaying the loan to Oaktree. The Chinese government doesn't like it when individuals take their money out of the country, especially when it comes to reckless big spending like in sports. So they'll find a way to stop the rich Chinese from doing it.
The same is true for English teams that have had Chinese owners recently Aston Villa, WBA, Reading.. and many examples
Wolverhampton are still owned by the Chinese but it's more of a shady bussines with super agent Jorge Mendes and they move players for profit.
Sticking with cycling, in 2016 Lampre would have had Chinese investors, but of course they pulled out and the UAE saved the team.
So again, I doubt there will be a Chinese sugar daddy in cycling or any sport anytime soon.