Saturday, June 4, 2016

As Inter deal nears, Chinese retail giant Suning eyes soccer empire (Reuters)

People walk past a Suning store, one of the largest home appliance retailers in China, in Hong Kong August 26, 2013. REUTERS/Bobby Yip/File Photo

By Adam Jourdan SHANGHAI (Reuters) - Chinese retail giant Suning Commerce Group Co Ltd, set to tie up a deal for Italian soccer club Inter Milan, is already eyeing bigger ambitions: controlling a global sports empire stretching from soccer 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 soccer club. Amid a wider push by China to increase its standing in the game, Suning's deal for the 2010 European champions is just the start.


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