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    Wanda lands 20% stake in Atletico Madrid

    By Lyu Chang and Sun Xiaochen | China Daily | Updated: 2015-01-22 07:33

    It may not be long before Chinese soccer players are challenging elite performers like Lionel Messi on the world stage.

    A landmark investment by Wang Jianlin, China's second-richest man, has paved the way for the young hopefuls.

    Chinese real estate giant Dalian Wanda Group Co said on Wednesday it has bought a 20 percent stake in leading Spanish club Atletico Madrid for 45 million euros ($52 million), becoming the first Chinese company to invest in a major European soccer team.

    Wanda lands 20% stake in Atletico Madrid

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