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Alibaba and Suning planning sports joint-venture

Chinese conglomerates Alibaba and Suning are planning a joint venture that would create the market’s most powerful sports business, according to industry news website Lanxiong Sports.

Alibaba, whose core business is China’s biggest e-commerce platform, has sports assets including streaming platform Youku Sports and Ali Sports, a company with activities in media rights acquisitions, sponsorship and event operation, among others.

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