Shenzen Stock Exchange Appears To Confirm Reports Suggesting Jack Ma Is To Invest In Inter

Shenzen Stock Exchange Appears To Confirm Reports Suggesting Jack Ma Is To Invest In Inter
January 15, 2019 19:00
( )

According to the Shenzhen Stock Exchange, Suning International Group Co., a subsidiary of the Chinese online retailer Suning.com, will contribute a sum of $50 million to jointly launch Jack Ma’s Yunfeng Capital fund,

This move by the Inter owners would appear to be a direct confirmation of the speculation that has come about today in various reports suggesting Ma is set to invest in the Nerazzurri.

Suning and Ma already have close relations with Ma having a 20% stake in Suning while Suning owner Jindong Zhang has a minimal stake in Ma’s company the Alibaba Group.

Reports doing the rounds in Italy have speculated that Ma, who is currently the richest man in China, is ready to purchase Erick Thohir’s stake in the Nerazzurri.

Indonesian tycoon Thohir, who was recently replaced as president by Steven Zhang, holds a 31.05% stake in Inter and it is reported that Ma, through Yunfeng Capital, will purchase these shares for a sum of €150 million.

Cammy Anderson
By Cammy Anderson

Juventus Preparing To Sign Inter Striker Icardi In Late August

July 17, 2019 15:00
( )

Juventus are preparing to make their move for Mauro Icardi in the final two weeks of August, Tuttosport reported this morning. The Bianconeri remain the…

Inter Directors Marotta & Ausilio Will Stay In Italy Until Sunday

July 17, 2019 14:40
( )

Beppe Marotta and Piero Ausilio will stay in Italy until Sunday before jetting off for Inter’s preseason tour in Asia, according to Corriere dello Sport.…

Inter Striker Icardi Stuck In Transfer Triangle With Higuain & Dzeko

July 17, 2019 14:20
( )

Mauro Icardi is stuck in a confusing transfer triangle at present with Gonzalo Higuain and Edin Dzeko, as Gazzetta dello Sport explained this morning. All…

Inter Defender Miranda Could Join Jiangsu Suning

July 17, 2019 14:00
( )

Inter are in talks with their sister club Jiangsu Suning to sell defender Joao Miranda, according to Corriere dello Sport. The Brazilian is no longer…

Inter Hoping To Raise Money From Puscas Sale After Asian Tour

July 17, 2019 13:45
( )

Inter are hopeful of recouping a sizable amount of money from George Puscas after the Nerazzurri’s preseason tour in Asia, according to Gazzetta dello Sport.…

Nainggolan Wants To Change Conte’s Mind But Inter Future Remains In Doubt

July 17, 2019 13:30
( )

Radja Nainggolan is unlikely to change Antonio Conte’s mind about his future at the club despite being taken to Asia for Inter’s preseason tour, according…