Alibaba’s Alisports secures $191m Series A funding at $1.27b valuation

Employees and visitors are reflected on a glass panel at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Sept. 8, 2017. Photographer: Qilai Shen/Bloomberg

Alisports, the sports branch of Chinese e-commerce giant Alibaba, has raised $191 million in a Series A funding round which valued the company at $1.27 billion, according to a report by China Money Network.

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