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Alibaba owner Ma denies reported takeover of AC Milan

(Xinhua)    18:28, April 28, 2016

HANGZHOU, China, April 28 -- The owner of Chinese e-commerce giants Alibaba on Thursday denied reports that he is in talks with Italian Serie A club AC Milan over a possible takeover.

According to Wednesday's reports by Italian media, Ma has offered 400 million euros (around 450 million US dollars) for a 70 percent stake in AC Milan and its club owner Silvio Berlusconi is taking it seriously.

But Alibaba chairman Jack Ma responded on Thursday by posting a joke on Weibo, the Chinese version of Twitter.

"Is AC Milan in the Italian city of Milan? I heard that Mike Tayson of the Lakers recently traveled to Milan, but I am not sure if it is AC Milan. Now Yao Ming will get in trouble," Ma wrote with a sense of humor.

Ma, who founded Alibaba in the 1990s, is also the joint owner of Chinese soccer club Guangzhou Evergrande.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Yuan Can,Bianji)

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