Alibaba's Next World to Conquer: Sports

The e-commerce giant is getting into soccer, streaming and ticket sales.

Taking on the world.

Photographer: Johannes Eisele/AFP/Getty Images

Facing growth concerns among investors, the Chinese e-commerce giant Alibaba has announced a new push into sports. The company is partnering with the Web news and social media conglomerate Sina and Yunfeng Capital to form Alibaba Sports Group in a bid to "transform China's sports industry," according to a press release.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.