China's Suning buys 70% stake in football giant Inter Milan
Chinese electronics retailer Suning has invested EUR270 million ($306.5 million) in a 70% stake in Italian football team FC Internazionale Milano (Inter Milan).
"The acquisition of Inter Milan is part of Suning's strategy in the development of the sports industry and driving our campaign in the health and lifestyle consumer market," Jindong Zhang, Suning's chairman,...
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