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CNN —US-based investment firm Oaktree Capital Management said on Wednesday it has “assumed ownership” of recently crowned Serie A champion Inter Milan. Inter’s Chinese owner, Suning, failed to repay a loan now worth €395 million ($428 million) that was taken out to help finance the club during the Covid pandemic. In a statement, Oaktree said: “We understand the great responsibility towards the community and the historical legacy of Inter. Mattia Ozbot/Inter/Getty ImagesAfter contacting Oaktree for comment on Zhang’s statement, the firm referred CNN to its press release. “As new owners, we recognize our responsibility to Inter Milan’s community, history and legacy,” Oaktree’s Alejandro Cano said in a statement.
Persons: Suning, Oaktree, , Howard Marks, Steven Zhang, Mattia Ozbot, ” Oaktree’s Alejandro Cano Organizations: CNN, Oaktree Capital Management, Serie, Inter Milan, Inter, Club, Coppa Italia, Champions League, Europa League, Juventus Locations: Italy, Oaktree
[1/3] The sign outside the Sam's Club is seen at its store in Shanghai, China July 12, 2023. The membership stores are also gaining ground amid a sales decline in China's hypermarket sector, which struggled with a shift towards online purchases during the pandemic. The club warehouse format "is the only bright spot," said Derek Deng, who leads Bain & Company's consumer products practice in greater China. "Sam's Club are doing well. But Sam's Club was ultimately confident it is currently miles ahead, one of the people said.
Persons: Aly, Liu Zheng, lockdowns, Derek Deng, Bain, Kantar Worldpanel, Judith McKenna, Bain's Deng, Christina Zhu, Sophie Yu, Brenda Goh, Jamie Freed Organizations: Sam's, REUTERS, Sam's Club, Costco, Walmart, HK, Freshippo, Carrefour, Yonghui, Bain, Reuters Graphics, Reuters, Sun, Retail, M, Beijing Yaodi Agriculture, M Club, Thomson Locations: Shanghai, China, BEIJING, Beijing, U.S, United States, Carrefour China, Peking, Yangzhou, Lanzhou, Sam's
[1/3] The sign outside the Sam's Club is seen at its store in Shanghai, China July 12, 2023. The membership stores are also gaining ground amid a sales decline in China's hypermarket sector, which struggled with a shift towards online purchases during the pandemic. The club warehouse format "is the only bright spot," said Derek Deng, who leads Bain & Company's consumer products practice in greater China. "Sam's Club are doing well. But Sam's Club was ultimately confident it is currently miles ahead, one of the people said.
Persons: Aly, Liu Zheng, lockdowns, Derek Deng, Bain, Kantar Worldpanel, Judith McKenna, Bain's Deng, Christina Zhu, Sophie Yu, Brenda Goh, Jamie Freed Organizations: Sam's, REUTERS, Sam's Club, Costco, Walmart, HK, Freshippo, Carrefour, Yonghui, Bain, Reuters Graphics, Reuters, Sun, Retail, M, Beijing Yaodi Agriculture, M Club, Thomson Locations: Shanghai, China, BEIJING, Beijing, U.S, United States, Carrefour China, Peking, Yangzhou, Lanzhou, Sam's
Retailers offering discounts on high-end iPhones in China
  + stars: | 2023-02-06 | by ( ) www.reuters.com   time to read: +1 min
SHANGHAI, Feb 6 (Reuters) - Third party retailers in China are offering discounts of as much as 10% on Apple Inc's (AAPL.O) iPhone 14 Pro amid sluggish demand for smartphones. Electronics vendors JD.Com Inc (9618.HK) and Suning (002024.SZ) are currently selling the iPhone 14 Pro basic model for 7,199 yuan ($1,062), checks of JD.com's app and Suning's website showed. That is 800 yuan cheaper than the standard price on Apple's official China website. A number of other authorised Apple third party sellers are offering similar discounts on the iPhone 14 pro and Pro Max, Reuters checks of promotions on social media showed. Apple will occasionally allow partner vendors in China to offer discounts on its phones to spur demand.
Retailers in China including JD.com and Suning have cut the price of Apple's iPhone 14 Pro and Pro Max. Major retailers in China slashed the price of Apple's high-end iPhone 14 models amid a slump in smartphone demand in the world's second-largest economy. The basic iPhone 14 Pro Max is listed for 8,199 yuan after an 800 yuan reduction. Suning, another major retailer, is selling the basic model of the iPhone 14 Pro for 7,199 after discounts and the iPhone 14 Pro Ma for 8,199. The iPhone 14 Pro starts at 7,999 yuan and the Pro Max starts at 8,999.
The Portuguese striker's Saudi Arabia switch following the cancellation of his Manchester United contract has highlighted a shift within Asian football that started before the COVID-19 pandemic and which continues to have a significant impact. With money pouring into clubs often owned by debt-fuelled property developers, the Chinese Super League (CSL) had been enticing an increasing number of leading players and coaches to the country since early last decade. The downturn in Chinese football has spared few. Two-time Asian champions Guangzhou FC, once Chinese football's dominant force, went into decline after their owners, developers China Evergrande, were forced to limit funding after the government restricted borrowing. With attention now squarely focused on the oil-funded riches on offer in a newly assertive Saudi Arabia, Chinese football's lustre has all but disappeared.
Sursa foto: InstagramRomelu Lukaku a făcut anunţul: ”Am purtat o conversaţie foarte pozitivă”. Romelu Lukaku a condus-o pe Inter spre primul titlu din ultimii 11 ani şi a fost desemnat cel mai bun jucător din campionatul italian în actuala stagiune. Belgianul a disputat 44 de partide pentru milanezi în actuala stagiune, în care a reuşit să puncteze de 30 de ori şi să ofere 10 pase decisive. Însă, în ciuda sezonului extraordinar pe care l-a avut, se zvonea că belgianul va fi nevoit să plece de pe Giuseppe Meazza. Într-un interviu acordat televiziunii italine VTM, belgianul a dezvăluit că este decis să rămână la Inter.
Persons: Lukaku, Romelu, Belgianul, Antonio Conte ., Giuseppe Meazza, Cosmin Olăroiu, Marcelo Brozovic, belgianul, Simeone Inzaghi Organizations: Inter, Suning Group, FC, Achraf, Inter . Locations: milanezi, Milan, n.r
Sursa foto: Getty ImagesRăspunsul jucătorilor lui Inter după ce li s-a spus să renunțe la două salarii. Ce o așteaptă acum pe noua campioanăJucătorii lui Inter au pus piciorul în prag după ce președintele Steven Zhang le-a cerut să renunțe la plata salariilor pe două luni. Jucătorii, antrenorul și ceilalți membri au staff-ului au refuzat cererea președintelui Zhang ca toți să renunțe la două salarii cuvenite în acest sezon. Dialogul s-a purtat în termeni cordiali, dar toți angajații au precizat că vor să încaseze banii care li se cuvin”, se scrie în articol. Chinezii de la Suning sunt proprietarii lui Inter din 2016 după ce au cumpărat pachetul majoritar de acțiuni de la Eric Thohir.
Persons: Steven Zhang, Ionuț Radu, nerazzurilor, Zhang, Eric Thohir Organizations: Inter, Serie A Locations: Italiei
Jiangsu Suning, echipa antrenată de românul Cosmin Olăroiu, a cucerit titlul în China. Formația sa a câștigat cu 2-1 la general finala cu campioana en-titre Guangzhou Evergrande, pregătită de fostul internațional italian Fabio Cannavaro. Gruparea lui Olăroiu a deschis scorul prin Eder, care a înscris chiar din lovitura libera acordată. Jiangu Suning a câștigat pentru prima dată titlul de campioană în Superliga chineză. Tehnicianul român Cosmin Olăroiu și-a trecut un nou trofeu în palmares, după ce a mai cucerit titlul în România, Arabia Saudită și Emiratele Arabe Unite.
Persons: Jiangsu, Cosmin Olăroiu, Fabio Cannavaro, Ospeții, Olăroiu, brazilianul Alex Teixeira, Cannavaro, Jiangu Locations: China, -, Guangzhou, Suzhou, Eder, Shibizao, Superliga chineză, România, Arabia Saudită, Emiratele Arabe Unite
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