Inter, Zhang has billions of debts to be paid by the end of the year: the giant Alibaba to help Suning? | First page

Inter, Zhang has billions of debts to be paid by the end of the year: the giant Alibaba to help Suning? | First page
Inter, Zhang has billions of debts to be paid by the end of the year: the giant Alibaba to help Suning? | First page

Inter are ready to embrace Hakan Calhanoglu, who will sign a three-year contract worth € 5 million per season, plus bonuses. But he also has to deal with Suning.com’s problems: as reported by the Reuters, indeed, Zhang Jindong, owner of Suning, which controls the Nerazzurri club, has attacked the market in recent years, but by the end of 2021 it faces 7 billion dollars in debt. Liquidity problems, therefore, but not only, given that the Beijing Court has frozen a quarter of the shares due to some irregularities.

HELP FROM ALIBABA? – And, again according to Reuters, the solution may be to sell some shares to the giant Alibaba, which in 2015 paid 4.6 billion dollars for a fifth of Suning. In addition, Zhang is seeking outside help, and in February he unveiled plans to sell a 23% stake worth $ 2.2 billion to Shenzhen government-backed funds. Frozen and falling stocks, liquidity problems, debts: Suning is looking for a breakthrough.

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