June 27 – The Chinese are finding ways to use the 2014 FIFA World cup to circumvent local gambling laws. In general gambling is illegal in China, but in instances where the proceeds are donated to charity, exceptions are allowed. Alibaba and Tencent Holdings, two of China’s dominant Internet companies, have linked up with provincial lottery centres so as to allow betting on world cup matches.
Chinese betting war escalates as insurers get in on the World Cup act
