Alipay is investing $145 million to grow women’s soccer in China


China’s national women’s soccer team just got a big boost from online payments app Alipay.

The Alibaba-affiliated company is taking the lead on a 1 billion yuan ($145 million) commitment to support Chinese women’s soccer over the next decade. The foundations of Alibaba (BABA)co-founder Jack Ma and executive vice chairman Joe Tsai are also taking part in the pledge.

It is the biggest investment in women’s soccer in China ever, according to Alipay.

Alipay wants to bring “technology, funds and resources to better support the development of women’s soccer in China,” a spokesman for the company said on Monday. He also noted that it is not a sponsorship, so it comes with “no commercial strings attached.”

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