Vice President Of Alibaba’s Communications Denies Knowing Anything About Jack Ma Investing In Inter

Vice President Of Alibaba’s Communications Denies Knowing Anything About Jack Ma Investing In Inter
January 15, 2019 18:00
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Shuai Wang, the vice president of Alibaba’s communications, has denied any and all knowledge about the possibility of Alibaba founder and owner Jack Ma investing in Inter through a fund.

“I have never heard of this story,” Wang posted to his Weibo – one of the biggest Chinese social media websites – profile earlier on today.

Reports concerning Ma’s possible investment first surfaced in Italy this morning and it is unclear if Wang’s comments are simply a strategic denial while all the final details are being ironed out.

The circulating media reports state that Ma, through a Hong Kong based fund called Yungfeng Capital, will purchase former Inter president Erick Thohir’s 31.05% stake in the Nerazzurri for a sum of around €150 million.

Ma was recently named the richest man in China with an estimated worth of no less than $34.6 billion and Inter would greatly benefit from his investment should the reports come to fruition.

Cammy Anderson
By Cammy Anderson

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