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June 5, 2014 08:39 am GMT
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. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Y5nfuCOEA0g/
Alibaba Buys 50% Stake In Leading Chinese Soccer Team Guangzhou Evergrande
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. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/Y5nfuCOEA0g/
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