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
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According to the Shenzhen Stock Exchange, Suning International Group Co., a subsidiary of the Chinese online retailer, 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

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