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Chinese tycoons dabbling in soccer

Updated: 2014-06-06 08:19 (China Daily)
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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).

Chinese tycoons dabbling in soccer

Jack Ma and Xu Jiayin posing for photo, June 5, 2014. [Photo/China Daily] 

Chinese tycoons dabbling in soccer Chinese tycoons dabbling in soccer Chinese tycoons dabbling in soccer
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