Thursday, June 5, 2014

Alibaba buys stake in local top soccer team for US$192M

Chinese conglomerate has bought 50% stake in Guangzhou Evergrande Football Club. Why the sudden shift in focus from tech companies to a sports team? Who knew that Alibaba would be interested in football all of a sudden? The giant conglomerate announced during a press conference that it will buy a 50 per cent stake in Read the full article...



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