10 Chinese companies snap up top overseas sports teams
(chinadaily.com.cn) Updated: 2016-08-01 07:27
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Zhang Jindong, Chairman of Chinese retail giant Suning Commerce Group Co Ltd arrives at Palazzo Parigi hotel during the Inter Milan soccer team shareholders meeting, in Milan, Italy, June 28, 2016. [Photo/IC] |
Chinese electronics retailer Suning has invested 270 million euros($306.5 million) in a 70 percent stake in Italian soccer team FC Internazionale Milano (Inter Milan) in June, 2016.
The acquisition shows the continuous effort made by Suning in the development of the sports industry.
Late last year, Suning purchased a local Chinese Super League team in Nanjing and named it Jiangsu Suning F.C.
Soccer Club Internazionale Milano have played continuously in the top tier of the Italian soccer league system and is one of the most valuable in Italian and world soccer.
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