Suning Sports

Inter Milan gets 2nd Chinese investor in $171m deal

Last updated : Jan 28, 2019 14:01
SportzPower Team
Jan 28, 2019 13:01

MILAN: Serie A giants Inter Milan announced recently that China’s LionRock Capital has acquired 31.05% shares in the club, making it its new minority shareholder.

Established in January 2011, LionRock Capital is an experienced private equity investor in Asia’s fast-growing consumer sector, providing strategic, financial, and corporate governance support for growth stage companies.

Jul 20, 2018 15:07
Alibaba deepens sports engagement with Suning investment
BEIJING: Suning Sports, the sports unit of Chinese retailer Suning Holdings Group, announced Thursday the completion of a series A round investment led by Chinese e-commerce giant Alibaba Group Holdings and Goldman Sachs. While Suning Sports declined to comment on the quantum of money it had raised, a Chinese media report put it as $600 million at a valuation of RMB10 billion ($1.5 billion).
Subscribe to Suning Sports