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Alibaba buys stake in soccer team

Alibaba has bought a 50% stake in a Chinese soccer team for just under $200 million, in the Chinese company’s latest bid to expand beyond its traditional e-commerce business into entertainment. http://online.wsj.com/articles/alibaba-buys-stake-in-chinese-soccer-team-guangzhou-evergrande-1401940574?mod=WSJ_hp_LEFTWhatsNewsCollection

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