As Inter deal nears, Suning eyes football empire
Chinese retail giant is expected to buy a majority stake in the famous Italian football club; it is also reportedly seeking deals to help create a global sporting "ecosystem"
Add BT as a preferred source
Shanghai
CHINESE retail giant Suning Commerce Group Co Ltd, set to tie up a deal for Italian football club Inter Milan, is already eyeing bigger ambitions: controlling a global sports empire stretching from football clubs to online broadcasting.
Suning and Inter Milan are due to make an announcement in the eastern Chinese city of Nanjing on Monday, widely expected to confirm that Suning will buy a majority stake in the Italian football club.
TRENDING NOW
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
