Hangzhou-headquartered Chinese e-commerce giant Alibaba Group Holding has agreed to take a 50% stake in Guangzhou Evergrande Football Club for RMB1.2 billion (US$192 million), according to media reports. After the completion of Alibaba’s investment, the club’s current owner, Evergrande Real Estate Group Ltd., will see its 100% stake reduced to 50%. The winner of last […]

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