Editor's note: The increasing involvement of Chinese business in the soccer industry is widely expected to spur the sport in the country.
Jack Ma, founder and chairman of Alibaba
Ma and real estate tycoon Xu Jiayin announced that Alibaba bought 50 percent of Evergrande's stake, worth 1.2 billion yuan ($192 million).
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Jack Ma and Xu Jiayin posing for photo, June 5, 2014. [Photo/China Daily] |
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