ROME: Online retail giant Alibaba is on the verge of leading a Chinese takeover of AC Milan from disgraced former prime minister Silvio Berlusconi, Italian media reported on Wednesday (Thursday in Manila).
Company supremo Jack Ma was recently in Italy and was wined and dined by Prime Minister Matteo Renzi at the VinItaly trade fair, where the Italian leader notably observed “the future of Italy and Alibaba are intimately entwined.”
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