Alibaba

Alibaba Executive Chairman Joe Tsai is reportedly planning to pay $3.5 billion to buy out Mikhail Prokhorov's stake in the Brooklyn Nets and the Barclays Center, swapping ownership of the NYC franchise just after it acquired two superstar players who have gre…

1 min read Image credit: Alibaba Group E-commerce giant Alibaba posted a robust rise in revenue for the first fiscal quarter ended in June as net profit more than doubled, driven by the healthy expansion of its core e-commerce business and growing cloud serv…

Rondae Hollis-Jefferson reacts against the Philadelphia 76ers during game three of Round One of the 2019 NBA Playoffs at Barclays Center. Getty Images Brooklyn Nets are on the verge of changing hands two years ahead of the expected transfer of the NBA team …

Billionaire Alibaba cofounder Joseph Tsai is taking full ownership of the Brooklyn Nets, the New York Post reported. To do so, Tsai will buy out Russian financier Mikhail Prokhorov's 51% stake in the team for $2.35 billion, according to the Post. That's th…

Billionaire Alibaba cofounder Joseph Tsai is taking full ownership of the Brooklyn Nets, the New York Post reported. To do so, Tsai will buy out Russian financier Mikhail Prokhorov’s 51% stake in the team for $US2.35 billion, according to the Post. That’s th…

SINGAPORE and NEW YORK, Aug. 15, 2019 /PRNewswire/ -- Recently, many people have flocked to invest in cryptocurrencies, turning the once fringe digital money into an asset class valued in the hundreds of billions of dollars. While some observers have criticiz…

Now that Joe Tsai, the Nets minority owner, is closing in on his purchase of Barclays Center, that opens the door to accelerating his takeover of the rest of the team. But what does that means for fans? Once Tsai completes the deal for the team, worth an NBA…

BEIJING (ANN): Jet Li is no longer grounded but taking off again, health-wise. Netizens were shocked in 2018 when a photo of a frail-looking Li - visiting a temple in Tibet - surfaced. The gongfu star was diagnosed in 2010 with hyperthyroidism, whose sympto…

Yuan Jiajun, the Governor of China's Zhejiang Province, is expected to visit Rwanda early next month along with other business delegates, China's Ambassador to Rwanda, Rao Hongwei, said Tuesday. Yuan, best known for his role as chief of the Shenzhou programm…

Inside Edition's Diane McInerney got exclusive access to the swanky New York home where a fundraiser was held to benefit President Trump Friday. The $40 million Hamptons mansion owned by Joe Farrell has 16 bedrooms and 19 bathrooms. Its 2,000-square-foot mas…