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| VIEW EVENT INFORMATION: Alibaba |
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Alibaba Buys 50% Stake In Leading Chinese Soccer Team Guangzhou Evergrande |
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About the organization Alibaba:
Type: Business
Sub-Types: Website, Advertising Agent, Retailing Agent, Computer Software, Search Engine, E-Commerce |
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Notable Organizations: Alibaba, Techcrunch
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| Alibaba Group chairman Jack Ma announced today at a press conference that the company will buy a 50% stake in Guangzhou Evergrande Football Club, one of China’s top soccer teams. The deal’s value was not disclosed, but it is reportedly worth 1.2 billion yuan ($192 million), according to Xinhua, the official Chinese state news agency. |
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