News from a few minutes ago is shaking the Chinese market, and which could also have consequences in Europe: Xiaomi - along with several other brands - joined the group Suning, famous here for being the owner of Inter. Let's find out more details on this financial operation, which, as mentioned, concerns other important brands.
In Suning arrive Xiaomi, Alibaba, TCL and many others
The big names in Chinese technology join the Suning group, becoming shareholders in a conglomerate of activities, which also includes Inter, a team that recently won the Scudetto in the Italian Serie A. The operation in question, which sees its core in the new fund "New Retail Innovation Fund Phase II"Worth 8,83 billion yuan (over 1 billion euros), stars brands such as Alibaba, Haier, Midea, TCL and Xiaomi.
The Zhang family will see its stake drop to 17,62%. A fundamental operation for Suning, since it injects liquidity to a group that has suffered a severe crisis with the arrival of the pandemic. So much so as to question various collateral activities to the company's core business. Starting with Inter, but after this financial move should be okay. Among other things, Jack Ma will enter the Nerazzurri organization chart: his name had been associated several times with the Milanese team.
Some thoughts on this operation, which involves a lot of Chinese technology. Smartphones, household appliances, TV and e-commerce: the composition of the products at the center of the mission of the companies that have invested in Suning is this, and brings together the Gotha of hi-tech made in China. Which Xiaomi is also part of.
All together to save the giant, which in Europe is in the spotlight precisely because of the Nerazzurri events. We will see what happens in the coming weeks, how the Chinese market reacts and what the possible consequences will be at the European level.
