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|Alibaba Executive Chairman Jack Ma (right) and Evergrande's billionaire Chairman Xu Jiayin (left)
HONG KONG: Evergrande Taobao Cheap Air Max 90 Clearance , the football team co-owned by Alibaba Group Holding Ltd and property firm Evergrande Real Estate Group Ltd, could become the first club listed in Asia after it filed for an initial public offering in China.
The team, which recently signed Brazilian World Cup winning coach Luiz Felipe Scolari, filed with the National Equities Exchange and Quotations (NEEQ) to list on the so-called "New Third Board," Evergrande said in a filing to the Hong Kong stock exchange on Thursday.
The company gave no size for the planned listing Cheap Air Max Clearance , which is pending approval by the NEEQ that operates China's leading over-the-counter (OTC) equity exchange.
Chinese e-commerce giant Alibaba last year agreed to pay US$192 million for half of the team, just months ahead of the company's record-breaking IPO in the United States. The deal was hatched over a few drinks between co-founder and Executive Chairman Jack Ma and Evergrande's billionaire Chairman Xu Jiayin.
Evergrande Taobao's valuation has reached 10 billion yuan(US$1.61 billion), according to Chinese media, smaller than Manchester United Plc's nearly US$3 billion market capitalisation, but much larger than more traditional publicly listed teams such as Juventus FC SpA and SS Lazio SpA in Italy and Germany's Borussia Dortmund.
Evergrande said it currently owned 60 percent of the team and planned to sell none of its shares in the offering.
The team Cheap Nike Air Max 2018 Online , formally known as Guangzhou Evergrande Taobao
Football Club Co Ltd, won the AFC Champions League in 2013 and the Chinese Super League in 2014. It has a 50,000-seat stadium in Guangzhou, China's third-largest city.
China released a sweeping plan in March to reform soccer, a sport that has been mired in corruption and miserable results Cheap Nike Air Max 2017 Online , with the men's national team suffering a string of embarrassing defeats on the international stage.
The reforms include increasing the number of elementary and middle-school soccer programmes to 50,000 in 2025 from about 5,000, and terminating the relationship between the government body which oversees sport and the Chinese Football Association, China's national soccer body.
This would bring Chinese football more in line with international FIFA standards which require a strict separation between politics and the sport.
(US$1 = 6.2035 Chinese yuan renminbi)
NAIROBI Cheap Nike Air Max 90 Online , March 5 (Xinhua) -- Kenya plans to develop and promote other tourism products instead of relying solely on beach and safari for marketing as part of efforts to increase the visitor numbers, officials said on Thursday.
East African Affairs Commerce and Tourism Cabinet Secretary Phyllis Kandie said that besides beach and safari that Kenya is known for, it was time to diversify the products and showcase the uniqueness of the destination.
"The launch of campaigns on Kenya as origin of humankind will mark a new strategy to market unique products," Kandie said in a statement released in Nairobi.
She disclosed that Kenya will next month unveil the Turkana Boy in Turkana county as part of a spirited campaigns to position Kenya as an origin of humankind.
The Turkana Boy, discovered in 1984 Cheap Nike Air Max Online , is known as having existed some 1.6 million years ago. This young boy of about 9-12 years of age and 1.6 meters tall is the only almost complete skeleton of a human related fossil ever found in the world.
The statement comes as Kandie, who arrived in Berlin, Germany on Thursday ,launched her campaigns to position the nation as the origin of humankind, presenting a possibility for Kenya to host pilgrimages from all over the world.
Kandie who is leading the Kenyan trade from the tourism sector at the International Tourism Bourse (ITB) in Berlin said Kenya's story as the origin of humankind has gone unnoticed.
"We are here today to announce to you that we shall be part of the nations hosting pilgrimages from all over the world but more importantly a pilgrimage to trace one's origin in Kenya Cheap Air Max 2018 Online ," she said.
Over 40 travel trade from Kenya, including Kenya Tourism Board (KTB) and scores of counties, are attending a four-day ITB tourism fair in Germany to showcase tourism products that country has to offer.
The Kandie called on the counties to identify their different uniqueness in terms of tourism product offerings in line with the strategy to showcase product diversity.
Kenya's core tourism products have been focused on beach and safari owing to the country's extended coast line of 480 km and abundance of wildlife.
However, the growing competitive nature of tourism and the continuously evolving tastes and preferences of consumers have put the country's promoted products to include adventure, culture Cheap Air Max 2017 Online , ecotourism, sports, golf, birding and business.
Despite their continued promotion, some of these identified products are yet to be packaged for tourism consumption thus presenting Kenya with the opportunity to further develop its product portfolio.
KTB Managing Director Muriithi Ndegwa said Kenya is using the fair to send reassurance message to potential tourists of Kenya's safety owing to improved security. "We shall also push for the revision of travel advisories Cheap Air Max 90 Online ," added Ndegwa.
ITB is the world's leading travel trade show and one of the key international events that Kenya participates in annually. In 2014, ITB attracted a total of 10,147 companies and organizations form over 180 countries with 174,000 visitors.
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