Dutch Eredivisie

Shanghai SIPG announces Hulk transfer from Zenit

BEIJING (AP) Shanghai SIPG signed Hulk from Zenit St. Petersburg on Thursday, making the Brazilian forward the first high-profile signing in what is expected to be a mega-spending transfer window in the Chinese Super League.

SIPG did not disclose 29-year-old Hulk's transfer fee, but the $60 million fee reported by Russian media would set a new Asian transfer record, topping the $56 million Jiangsu Suning paid this year for Brazilian Alex Teixeira. Guangzhou Evergrande paid $47 million for Colombia's Jackson Martinez.

Large Chinese conglomerates have snapped up domestic clubs in recent years, giving them dramatically increased spending power.