China soccer boom sparks online gambling craze

By Tris Pan HONG KONG (Reuters) – In China's eastern city of Hangzhou, Mr Li could barely watch as Portuguese striker Cristiano Ronaldo lined up a penalty kick in a finely-balanced Euro 2016 group match against Austria. Li had reason to be nervous: he had bet tens of thousands of yuan on Portugal to win. With 10 minutes to go in the game in Paris, Real Madrid star Ronaldo hit the post, the game ended in a draw, and Li lost the money he had bet using Tencent Holdings Ltd's popular messaging app WeChat.

Original story here.

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