Alibaba chief Jack Ma, described as China’s richest man, is reportedly set to purchase Erick Thohir’s 31 percent stake in Inter.

According to Corriere dello Sport and Tuttosport, Ma would invest in Inter through Yunfeng Capital, a fund based in Hong Kong and created with fellow tech tycoon David Yu.

The newspapers explain Thohir’s share is valued at ‘around €150m’ and that could be the figure Yungfeng pays to buy out the Indonesian.

Alibaba chief Jack Ma, described as China’s richest man, is reportedly set to purchase Erick Thohir’s 31 percent stake in Inter.

According to Corriere dello Sport and Tuttosport, Ma would invest in Inter through Yunfeng Capital, a fund based in Hong Kong and created with fellow tech tycoon David Yu.

The newspapers explain Thohir’s share is valued at ‘around €150m’ and that could be the figure Yungfeng pays to buy out the Indonesian.

Ma has close relations with Nerazzurri owner and Suning Group supremo Zhang Jindong, given he owns 20% of the conglomerate.

Zhang, on the other hand, would have a stake of ‘around 0.81%’ in Alibaba, which is the world’s largest retailer.

Leave a Reply

Your email address will not be published. Required fields are marked *

Tickets Kit Collector