Alibaba Group joins Chinese soccer (4/5)

Chinese largest e-commerce company Alibaba Group bought 50 percent of Evergrande's stake, worth 1.2 billion yuan (about 192 million U.S. dollars), Alibaba founder and chairman Ma Yun (R3) and real estate tycoon Xu Jiayin (L2) announced at a joint press conference on Thursday, June 5, 2014. [Photo/Osports]