I just found out that a new K-1 style promotion was just held in China named Hero Legends. The promoter is a former Sanda champion who runs a gym affiliated with K-1 iirc. He has had his fighters compete in K-1 before. This sounds great! I think that a K-1 style promotion will have more chance of succeeding instead of a MMA type promotion, esp. with people already exposed to sanda. One of the common criticism I hear from regular viewers of sanda is too much wrestling, not enough striking, not enough skills in striking compared to muay thai and hardly any KOs. Much as I don't like K-1 rules, I think it can deliver what the public wants.
http://chinacombat.blogspot.com/