Alibaba Football
Alibaba Takes 50% Ownership of Chinese Super League Club Guangzhou Evergrande
| Marcel Woo | | Jun 05, 2014 12:07 AM EDT |
After spending billions of dollars acquiring technology firms and businesses in China and abroad, e-commerce giant Alibaba Group has paid 1.2 billion yuan (around US $191 million) for a 50 percent stake in China's most successful football club.
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