Alibaba’s Sports Unit Alisports Rumored To Seek $170M From Investors

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Shanghai-based Alisports, the sports unit of Alibaba Group Holding Ltd., is in the process of raising a RMB1.2 billion (US$170 million) series A round led by Yunfeng Capital, a private equity firm co-founded by Alibaba’s founder Jack Ma.

China Money Network

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