La Repubblica have examined the recent reports concerning the possible investment from China’s richest man, Jack Ma, in Inter.
“Jack Ma is a friend of Zhang Jindong , owner of the Suning group and therefore of Inter. The pair are intimate in business, as Alibaba is a 20% shareholder of Suning and last November caused a frenzy with a photo spread on social media including Jindong and Ma in front of the Shanghai skyline,” the report reads.
Based off this alone, the Roman newspaper can understand why people would thing Ma is set to invest but they confirm it is not the case.
“Combining these clues, and given that we know of a fund in Hong Kong that is already involved in Inter with a stake of 31% (the fund of the outgoing Thohir) and that in Hong Kong Mr. Ma owns a private fund (Yungfeng Capital) in which Suning recently deposited 50 million, it appears like Jack Ma is to enter Inter.
“Things are not like that though, beyond the prior denials from others, the Nerazzurri club is silent but informally guarantees that the news is completely unfounded.”
