Monday, June 6, 2016

China's Suning buys majority stake in Inter Milan (The Associated Press)

Javier Zanetti, right, former captain of Inter Milan, and Zhang Jindong, chairman of Suning Group, pose for photos during a presser in Nanjing in eastern China's Jiangsu province Monday, June 6, 2016. The Chinese retail giant announced taking a majority stake in the Italian soccer club. (Chinatopix Via AP) CHINA OUT

NANJING, China (AP) -- Chinese electronic retailing giant Suning is buying a majority stake in top-flight Italian football club Inter Milan, the latest entry into the global sports market by cash-rich Chinese firms.


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