Why do Chinese soccer clubs spend so much money on buying stars?
Actually,Chinese soccer clubs always want to spend much money on buying stars,but they just had no money before.With economical growth,many clubs now are rich enough to purchase some soccer stars.This is one reason.But the most important reason is that an unknown club-Guangzhou Evergrande won the title of AFC Champion in 2013 because they spent much on buying stars.After that,Guangzhou Evergrande become well-known in Asia. So the sales of the company's products are boosted. That's fruitful for both the company and the club.Seeing this, many big companies want to fund the clubs,through which the club can buy famous soccer stars to get some achievement.This is a win-win situation.
What are the most popular team sports in China?
In terms of TEAM sports,China is probably the best at women’s volleyball if that counts.Basketball is probably the most popular team sport “at street level”. The CBA is somewhat popular and the NBA is HUGELY popular. Kobe Bryant and Lebron James are seen as demigods in China. Many Chinese boys play basketball casually, but surprisingly there isn’t a HUGE amount of investment in “official basketball”, though the national b-ball team is at least not an embarassment like the soccer teamChinese soccer/football is HUGELY frustrating and perennial underachievers, but the franchise Guangzhou Evergrande has brought their way to greatness, winning the Asian Champions League twice IIRC
What is the history of Alibaba (company)?
Jack Ma, along with other 17 founders, founded Alibaba Group in 1999, which advocated “to make it easy to do business everywhere.” Jack Ma expected to help the small and medium-sized Chinese enterprises to do cross-border trade through Internet. In 2003, to rise to the competition with eBay, Taobao was established to specialise on C2C trade, and by 2005, it captured 80% of the market share, and won the battle with eBay. It was at the same year that Alipay came into being. It was originated as an online payment tool that protected the buyers and sellers on Taobao...It is a very long story of Alibaba’s development, so I would recommend you to read this book – Never Say Never - The biography of Alibaba Founder Jack Ma. You can learn about the business strategies behind this great company and the management experience of founder Jack Ma rather than just scratching the surface.