Corsera – Suning, Alibaba commands. Inter out of the operation

Corriere della Sera’s analysis of the financial situation of the Chinese giant

The Corriere della Sera returns to the news, now a couple of days ago, concerning the acquisition by some private investors (Alibaba, Xiaomi e Haier) through a Chinese local government fund of the Jiangsu 17% stake of Suning.com. A handover that takes away the majority of the holding a Zhang Jindong, the main single shareholder has in fact become Alibaba, “but the dominant influence is that of the public authority”, as stated in the piece.

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The idea of ​​deploying private companies and state-owned lenders is part of a government strategy Beijing to save conglomerates suffering from a series of debts. “Suning the rating agency has been in financial trouble for some time Standard & Poor’s estimated its debt at over $ 6.6 billion in the third quarter of last year – writes the He would run -. The Inter world is currently out of the operation, the club is pledged to the American fund if Suning is unable to repay the loan. Certainly with the parent company in economic difficulty also for SimoneInzaghi the task will be less easy “.

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