Suning Founder's Billion-Dollar Loss on Inter Milan Deal and the Impact on China's E-Commerce Vision
Thursday, 23 May 2024, 08:44
Zhang Jindong's Billion-Dollar Loss
Zhang Jindong, the founder of Suning, faced a substantial financial blow due to a failed investment in Inter Milan.
Impact on 'Walmart plus Amazon' Vision
The loss threatens Jindong's dream of creating the 'Walmart plus Amazon' of China, casting doubt on the future of his business empire.
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