Alibaba Buys Half Of Chinese Soccer Club For $192 Million
Wochit
Jun. 05, 2014. 03:46 AM EST
In a speedy deal hatched over a few drinks, China's biggest e-commerce company Alibaba is buying ... More »
In a speedy deal hatched over a few drinks, China's biggest e-commerce company Alibaba is buying half of the country's most successful soccer club Guangzhou Evergrande for $192 million. For Jack Ma, Alibaba Group Holding's billionaire founder and confessed soccer agnostic, it may seem a fanciful move, the latest in a string of recent acquisitions beyond Alibaba's traditional e-commerce businesses. « Less
Alibaba Group, Evergrande Real Es..., Technology News, Guangzhou Evergran..., Economy of the Peo..., World Wide Web, Privately held com..., Business
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