As Inter Milan deal nears, Chinese retail giant Suning eyes soccer empire


Customers look at products in the hall of a Suning Appliance shop in Beijing December 8, 2011. REUTERS/Stringer/File Photo

SHANGHAI: 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 June 6, widely expected to confirm that Suning will buy a majority stake in the Italian soccer club. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Reddit down for thousands, Downdetector shows
Microsoft-backed Rubrik's stock jumps nearly 21% in NYSE debut
Amazon Prime Video to exclusively stream two NHL seasons in Canada
T-Mobile to invest $950 million in venture with EQT to buy fiber optic network provider Lumos
Hertz Global eyes worst day on record as EV rental business falters
EU court adviser backs data privacy activist Schrems in Meta fight
Spotify says Apple has rejected its app update with price information for EU users
Amazon to invest $11 billion in Indiana to build data centers
IBM falls as enterprise-spending constraints choke consulting demand
Net neutrality rules to be restored in US agency vote

Others Also Read