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LONDON (Reuters) - U.S. private equity firm Silver Lake has bought a 10% stake in Manchester City's Abu Dhabi-controlled owner, adding to its $43 billion (£33.5 billion) worth of investments which include the world's best-known sports venues and teams as well as technology companies.
TOKYO/BEIJING (Reuters) - Chinese state television said on Tuesday it would not air NBA exhibition games played in the country this week, heaping pressure on the U.S. basketball league after a tweet by a Houston Rockets executive backing protests in Hong Kong.
SHANGHAI (Reuters) - The National Basketball Association (NBA) came under fire on Monday for its response to a tweet by a Houston Rockets official in support of Hong Kong protests for democracy, the latest overseas business to run afoul of political issues in China.
(Reuters) - Alibaba Group Holding Ltd
SAN FRANCISCO (Reuters) - Chinese e-commerce company Alibaba Group Holding Ltd is debuting a global marketing campaign outside China for the first time, the company said on Monday, with the release of Olympic advertisements focussing on underdog stories in countries such as the United States, Britain, South Korea and Japan.
SAN FRANCISCO (Reuters) - Alibaba Group Holding Ltd, one of the few Olympics sponsors signed up until 2028, said it wants to upgrade the technology that keeps the Games running and will study the Pyeongchang Games to help find ways to save future host countries money.
NEW YORK (Reuters) - Joseph Tsai, vice chairman of Chinese internet conglomerate Alibaba Group Holding Ltd, has struck a deal to buy a 49 percent stake in the Brooklyn Nets of the National Basketball Association, according to two sources familiar with the matter.
SAN FRANCISCO(Reuters) - Even if it is more than a decade away, a Summer Games in Los Angeles in 2028 may be a boost to the International Olympic Committee's (IOC) efforts to extend its lucrative contracts with top sponsors such as Visa Inc and Coca-Cola Co, Olympic sponsorship experts said.
NEW YORK/BERLIN (Reuters) - McDonald's Corp ended its 41-year-old sponsorship of the Olympic Games three years early, the International Olympic Committee said on Friday, reflecting the U.S. fast-food giant's focus on its core business as well as rising Olympics sponsorship costs and declining TV ratings.