On Monday, Chinese company Suning purchased a majority stake in the iconic Italian soccer team Inter Milan. The investment in this century-old club demonstrates the growing interest in soccer by Chinese investors. Zhang Jindong, founder and owner of Suning, is worth an estimated $12.7 billion, one of the wealthiest people in the world. This deal, estimated to be worth over $306 million, makes Zhang the primary owner of Inter Milan.
via Forbes - Business