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|E-commerce giant Alibaba Group Holding announced on Wednesday that it will set up Alibaba Sports Group Will Redmond Chiefs Jersey , aiming to take a bigger share in the lucrative sports industry of China.
The launch of the Sports Group serves as one of the latest moves from Alibaba in China's sports industry after the e-commerce titan invested 1.2 billion yuan ($192 million) for a 50 percent stake of Guangzhou Evergrande, China's most successful soccer club and former Asian Champions League winner.
Alibaba also had cooperation with German champions Bayern Munich, Spanish giants Real Madrid and US National Basketball Association star Kobe Bryant.
Alibaba founder and chairman Jack Ma Yun once said providing health and happiness will be Alibaba's two main priorities in its next decade's development. And sports, Alibaba believes, can achieve both.
With the latest campaign Sammy Watkins Chiefs Jersey , Alibaba said it hopes to bring "digital and economic" thinking to China's already booming sports industry, reshape the whole of the industry and make consumers enjoy much more comfortable and convenient sports services.
On back of 10 years' development and especially the successful hosting of the 2008 Beijing Olympic Games, China's sports industry has taken on shape and grown on a fast track.
Promoting fitness has also become one of the country's national strategies, with the Chinese government announcing plans last year to develop the country's sports industry and raise the sector's annual output to 5 trillion yuan by 2025.
With Beijing winning the hosting right of the 2022 Winter Olympic Games in July, the local sports industry is expected to become an even bigger cake.
Alibaba said it will be engaged in all aspects of the sports industry Anthony Hitchens Chiefs Jersey , including sports events operations, business marketing and ticketing.
Separately, Alibaba's head of investor relations, Jane Penner, was quoted by Reuters as saying at a tech conference in New York on Tuesday that the company expected its total value of transactions to be lower in the second quarter than previously thought Robert Golden Chiefs Jersey , as China's economic slowdown is taking a bite out of consumer spending.
"We are still seeing actually high engagement by buyers on our platforms ... but lower average order values, for example," Penner told Citi's Global Tech Conference, according to an online playback of the comments
KIEV, Aug. 1 (Xinhua) -- Ukrainian President Petro Poroshenkosaid on Tuesday he has signed the law to amend the country's statebudget for this year Chris Conley Chiefs Jersey , which envisages boosting the defence spendingby around 100 million U.S. dollars.
"Providing the Ukrainian Army with several extremely importanttypes of armament, including Oplot tanks, is the first priority ofdefense sector financing," Poroshenko wrote on Facebook.
According to him, the extra funding will also go to theconstruction of an ammunition manufacturing plant and theimplementation of social programs for the army servicemen.
Last month Mitch Morse Chiefs Jersey , the Ukrainian parliament adopted the law to boostthe overall budget expenditures this year by three percent to 32billion U.S. dollars due to higher-than-expected revenues in thefirst half of the year.
Apart from the defense sector, the additional funding will bedirected for programs on ensuring public order and resolvingsocial-economic issues.
Ukraine's total spending on defense this year is expected toreach 5.1 billion U.S. dollars or about five percent of thecountry's gross domestic product. Enditem
TIRANA, July 21 (Xinhua) -- Albania's public debt has gone downto 66.9 percent of Gross Domestic Product (GDP) in the middle ofthis year, Albanian Ministry of Finance informed Friday.
The public debt dropped by about 4.2 percentage points in theend of June, 2017 compared to the level of nearly 71 percentreported at the end of last year Chris Jones Chiefs Jersey , official data showed.
The fall has been even beyond government's forecasts as in thisyear's budget the Albanian government predicted that the debt wouldfall to not less than 69.1 percent of GDP.
However, economic experts told local media that this ratiomeasured debt stock in mid-year versus total annual output.
This means that the nominal debt value will increase furtherduring the year and its weight versus national output as well, theysaid.
However, based on the data of the first semester, the debt hasalmost 'frozen' even in absolute value.
At the end of June Kareem Hunt Chiefs Jersey , Albania's public debt was 1.67 trillionleks, or about 9.3 billion U.S. dollars. Compared to the end of2016, the public debt stock has increased by only 1 billionlek.
The freezing of debt stock is due in particular to thesignificant reduction of the value of foreign loans taken by theAlbanian government. The total value of loans from foreigncreditors has dropped to 468 billion leks, 13 billion leks lessthan the end of last year.
The decline of about 100 million euros in the value of externalloans seems to have been the main factor that has curbed the debtin nominal terms and has reduced it substantially in realterms.
In the external debt side, the Albanian government has alsobenefited from the appreciation of lek in the exchange rate Tanoh Kpassagnon Chiefs Jersey , whichhas lowered the equivalent value of debt received in euro and U.S.dollars.
Meanwhile, official statistics showed that in 2010, Albania'spublic debt was 715.5 billion leks or 5.65 billion U.S. dollars,which is around 58.5 percent of the GDP that year.
In 2012, the country's debt increased to 61 percent of the GDPand the figure climbed to 65.08 percent in 2013. At the end of2014 Patrick Mahomes II Chiefs Jersey , the public debt grew to 69.17 percent.
In 2015, the country's public debt hit the highest level of over72 percent of the GDP. In March that year, the debt exceeded thelevel of 1 trillion leks or 7.9 billion dollars.
The Albanian parliament has recently adopted a proposal draftedby the Ministry of Finance to cut the year-on. Hugo Lloris France Jersey Jack Butland England Jersey Duje Cop Croatia Jersey Dayro Moreno Colombia Jersey Marcelo Grohe Brazil Jersey Laurent Depoitre Belgium Jersey Diego Laxalt Uruguay Jersey Fabian Frei Switzerland Jersey Emir Kujovic Sweden Jersey Cheap Rockies Jerseys