Alibaba co-founder Joe Tsai acquires $10m stake in Esports Team

Alibaba co-founder Joe Tsai acquires $10m stake in Esports Team

Joseph Tsai, co-vice chairman of Alibaba Group Holding Ltd., speaks during the Jumpstarter conference in Hong Kong, China, on Thursday, Jan. 24, 2019. Photographer: Anthony Kwan/Bloomberg

Alibaba Group Holding Ltd. co-founder Joe Tsai is expanding his sports empire, buying a minority stake in competitive gaming franchise G2 Esports.

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