Alibaba’s Alisports Gets $191M At $1.3B Valuation, Buys Fitness App Ledongli

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Zhang Dazhong, CEO of Alisports

Alisports Group, the sports affiliate of Alibaba Group Holding Ltd. has completed a RMB1.2 billion (US$190.78 million) series A round led by Yunfeng Capital, an investment firm co-founded by Alibaba’s executive chairman Jack Ma.

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