Suning
Inter Milan ‘appoints Raine Group, Goldman Sachs’ to seek new owner
Inter Milan has engaged US financial services institutions Raine Group and Goldman Sachs to find a buyer for the Italian Serie A football club
Suning’s e-commerce arm confirms stake sale
A consortium of Chinese investors, including Alibaba, electronics firm Xiaomi, home appliance manufacturers Haier, Midea and TCL, and a regional government-owned company, are to acquire a 17-per-cent stake…
Alibaba ‘close to deal’ for Suning stake
Chinese internet giant Alibaba and the regional government of Jiangsu province are close to a deal for a stake in embattled Chinese retailer and sports investor Suning, according to Bloomberg
China plans to build 18 ‘football cities’ in less than five years
China is hoping to establish up to 18 “key cities” focused on football by 2025 as it bids to become a sporting powerhouse by 2035.
Inter Milan ‘closes in on’ €275m bailout deal with Oaktree Capital
Italian Serie A football club Inter Milan is close to agreeing a deal which will boost its financial predicament and hand a minority stake to US investment firm Oaktree Capital Group, according to multiple…
Jiangsu FC drops out of AFC Champions League
Embattled Chinese Super League football club Jiangsu FC has withdrawn from this year's Asian Football Confederation Champions League
CSL seeks media rights solution after PP Sports deal ends
The Chinese Super League is discussing options for the exploitation of its domestic media rights from the 2021 season onwards with several different broadcasters, following the premature end of a deal…
Chinese Super League champions Jiangsu FC cease operations amid Suning retreat
Chinese Super League football club Jiangsu FC announced yesterday it is ceasing operations with immediate effect, for financial reasons
Suning ‘refocus’ raises questions over sports investments
Chinese conglomerate Suning has said it will focus entirely on its retail business going forward, raising questions over the future of its investments in sports properties, which include Italian football…
Inter Milan to open up investment search after deal not struck with BC Partners
Inter Milan’s ownership group, the Chinese conglomerate Suning, is set to open up its search for fresh investment into the team after exclusive talks with private equity firm BC Partners ended without a…
PP Sports ‘countersues Premier League over collapsed deal’
Chinese streaming platform PP Sports is following through on a threat last year to sue the English Premier League over their collapsed media rights deal, according to a report in the Financial Times
Dugout and PP Sports agree content partnership
Digital football content platform Dugout has agreed a partnership to provide content to Chinese sports streaming service PP Sports
Chinese Super League audience on PP Sports up 12 per cent
Average viewership of Chinese Super League matches for domestic rights-holder PP Sports was up 12.1 per cent in the 2019 season, according to a report from the OTT platform
Suning Sports lays off staff, restarts Alibaba talks – report
Suning Sports, owner of the Chinese streaming platform PP Sports, is laying off nearly 30 per cent of its staff in a cost-cutting drive and may have restarted joint-venture talks with Alibaba, according…
Suning promises increased investment in sport as it launches Premier League partnership
PP Sports, a division of Suning, launched its three-year broadcasting partnership with the English Premier League at an event in Shanghai last weekend
Alibaba and Suning planning sports joint-venture
Chinese conglomerates Alibaba and Suning are planning a joint venture that would create the market’s most powerful sports business, according to industry news website Lanxiong Sports.