Alibaba buys half of Guangzhou Evergrande football club

Alibaba buys half of Guangzhou Evergrande football club

China’s biggest e-commerce firm Alibaba has bought a 50% stake in Guangzhou Evergrande Football Club for a reported 1.2 billion yuan ($192m; £114m). Guangzhou Evergrande is one of China’s most successful football clubs. It was the first Chinese team to win...