Jiangsu province-based Suning.com said Wednesday 5.59% of its shares will be transferred to a fund started by four state-owned enterprises which are ultimately controlled by the provincial government. Photo: VCG
Chinese retailing giant Suning will receive a 3.2 billion yuan ($500.6 million) temporary bailout from a state-controlled fund as the owner of leading football club Inter Milan struggles to pull out of a liquidity crisis.
