No exit. At 11:11 on June 5, 2014, Alibaba held a signing ceremony with Guangzhou Evergrande Football Club. The host stated that Evergrande will introduce Alibaba to increase capital and become a shareholder. Evergrande and Alibaba will each own 50% of the shares.

People's Daily Online, Guangzhou, June 5, 2014, Alibaba's investment in Evergrande was not a bluff. Although Jack Ma said at the press conference that he would not interfere with the operation of the football team, the Evergrande team will be renamed Evergrande from now on. Ali team is recruiting names from all over the world. In the future, when Evergrande recruits players globally, it will also be recruited through Alibaba's website, and payment will also be through Alipay.

Alibaba Networks’ acquisition of Guangzhou Evergrande Football Equity Case:

On April 12, 2021, the State Administration for Market Regulation filed a lawsuit against Alibaba (China) Network Technology Co., Ltd. (hereinafter referred to as Alibaba Networks) The acquisition of the equity of Guangzhou Evergrande Football Club Co., Ltd. (hereinafter referred to as Guangzhou Evergrande Football, changed its name to Guangzhou Football Club Co., Ltd. on January 6, 2021) was investigated for suspected illegal implementation of concentration of operators.

After investigation, the case constituted an illegal concentration of business operators, but it did not have the effect of eliminating or restricting competition. In accordance with the provisions of the "Administrative Punishment Law of the People's Republic of China" (hereinafter referred to as the "Administrative Punishment Law"), the State Administration for Market Regulation sent an "Administrative Punishment Notice" to Alibaba Networks.

Inform them of the facts, reasons, evidence and content of the proposed administrative penalty decision, as well as their legal rights to state, defend and request a hearing. Alibaba Networks did not submit a statement, defense opinion or request for a hearing within the prescribed time limit. The investigation and trial of this case have now been concluded.

Reference for the above content? Baidu Encyclopedia - Alibaba Networks Acquisition of Guangzhou Evergrande Football Equity Case