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Alibaba billionaire buys Brooklyn Nets in record deal

NBA's Brooklyn Nets confirmed Friday that its owner Mikhail Prokhorov is selling his controlling interest in the team as well as in the Nets' arena, Barclays Center, to Joe Tsai, the vice chair of China's e-commerce giant Alibaba Group.

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Race is on for China's 1st Formula One star
Experts say up-and-coming racers will need to impress auto teams in Europe.
Search underway to discover China's 'Messi'
The China-Argentina Football Cooperation Program aims to seek out a Chinese version of Lionel Messi.
Advantage China as WTA Finals arrive
Tour boss says moving event to Shenzhen will be a game-changer.
Record-breaking Xie daring to dream
Chinese sprinter hungry for more glory after dashing into history books.
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