NEWS
Wednesday April 27 2016
No comment from Alibaba

The Alibaba group has declined to comment on speculation that founder Jack Ma is leading the group of investors trying to buy Milan.

Reports broke this morning that Ma, who is the wealthiest man in China, is in charge of the Chinese group that is negotiating with Silvio Berlusconi.

ANSA approached the public relations office of Alilbaba’s European branch for a comment this morning, but they declined to respond.

The Rossoneri’s controlling company Fininvest have also declined to comment on the rumours due to a confidence agreement.

Ma’s Alibaba group includes Taobao (the Chinese Ebay), Aliplay (an electronic payment system), Weibo (the Chinese Twitter) and Alibaba pictures ($3m of investment in the film industry.)

According to Forbes magazine he has an estimated net worth of $24.1 billion and is the 18th richest person in the world.