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Suning Holdings Group
Suning Holdings Group Co., Ltd. () is a Chinese privately held company. The company shared the same founder Zhang Jindong with the listed company Suning.com, but Suning Holdings was the unlisted portion of Zhang's unincorporated Suning Group. According to All-China Federation of Industry and Commerce, Suning Holdings Group was ranked as the second largest civilian-run enterprise in the Mainland China in 2018. The holding company is also famous for the acquisition of Inter Milan. Suning Holdings, as of 2016, owned an equity stake of 3.33% in Suning.com, formerly known as Suning Commerce Group () and Suning Appliance (). Those companies also shared almost the same name with sister company Suning Appliance Group (), which Zhang owned 48.10% stake as the second largest shareholder. As at 31 December 2016 Suning Appliance Group was the second largest shareholder of Suning.com, after Zhang. Suning Appliance Group was owned by ex-senior staff of Suning.com (including Zhang himself) as ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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China International Broadcasting Network
China Radio International (CRI) is the state-owned international radio broadcaster of China. It is currently headquartered in the Babaoshan area of Beijing's Shijingshan District. It was founded on December 3, 1941, as Radio Peking. It later adopted the pinyin form Radio Beijing. CRI states that it "endeavours to promote favourable relations between the PRC and the world" while upholding the PRC's official positions. As with other nations' external broadcasters such as Voice of America, BBC World Service and Radio Australia, CRI claims to "play a significant role in the PRC's soft power strategy" and Go Out policy, aiming to expand the influence of Chinese culture and media in a global stage. CRI attempts to employ new media to compete with other international media. Unlike other broadcasters, CRI's control via indirect majority ownership or financial support of radio stations in various nations is not publicly disclosed. CRI is presently the international radio arm of th ...
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Massimo Moratti
Massimo Moratti (born 16 May 1945) is an Italian billionaire petroleum businessman, the former owner of Inter Milan and chairman of the Saras Group, founded in 1962 by his father, industrialist Angelo Moratti. The main production site of the Saras Group is the Sarroch refinery located on the island of Sardinia, one of Europe's only six supersites, with a capacity of 300,000 barrels per day, representing 15% of refining capacity in Italy. In recent years, initially to enable independence of the Sarroch refinery from terms of energy, the Saras Group has entered into the production of electricity and is expanding its production of alternative energy sources, particularly in the field of wind energy, through its subsidiaries Sarlux and Sardeolica, the latter of which is controlled indirectly through the company Eolici Ulassai. From 1995 until 2013, Moratti was the chairman of F.C. Internazionale Milano. He is said to have spent around €1.5 billion of his personal fortune in the tra ...
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Erick Thohir
Erick Thohir (born 30 May 1970) is an Indonesian businessman and politician who has served as Indonesia's Minister of State Owned Enterprises since 2019. He is the founder of Mahaka Group, a conglomeration that focuses on media, sports and entertainment. Globally known as the former owner and chairman of Italian football giant Inter Milan and US soccer club D.C. United, Thohir is currently co-owner alongside Anindya Bakrie of English League One team Oxford United and Liga 1 outfit Persis Solo along with Kaesang Pangarep, the youngest son of President Joko Widodo. He was also the president director of ANTV television station and the chief of the Indonesian Olympic Committee. In 2019, he became a member of the International Olympic Committee (IOC). Early and personal life Erick Thohir was born on 30 May 1970. His father, Teddy Thohir, was a co-owner of the automotive group Astra International with William Soeryadjaya. His brother, Garibaldi Thohir, is an investment banker and ent ...
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Société à Responsabilité Limitée
A (SARL, S.à r.l. and similar; literally "society with limited responsibility") is a form of private company that exists mainly in French-speaking countries, such as France, Luxembourg, Monaco, Algeria, Morocco, Tunisia, Madagascar, Lebanon, Switzerland (where it is also designated by GmbH or Sagl), and Belgium Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to th ... (where, since 1 May 2019, it is also designated by ''besloten vennootschap'' and abbreviated as SRL). The primary purpose of a SARL is to conduct commercial activity. Proprietary interests in a SARL are represented by Share (finance), shares. They are not freely transferable; unless the intended recipient is a spouse, descendant, or other close relative, transfers require the agreement of half of the shareholders (sin ...
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Sina Weibo
Sina Weibo (新浪微博) is a Chinese microblogging ( weibo) website. Launched by Sina Corporation on 14 August 2009, it is one of the biggest social media platforms in China, with over 582 million monthly active users (252 million daily active users) as of Q1 2022. The platform has been a huge financial success, with surging stocks, lucrative advertising sales and high revenue and total earnings per quarter. At the start of 2018, it surpassed the US$30 billion market valuation mark for the first time. In March 2014, Sina Corporation announced a spinoff of Sina Weibo as a separate entity called simply "Weibo", and filed an IPO under the symbol WB. Sina carved out 11% of Weibo in the IPO, with Alibaba owning 32% post-IPO. The company began trading publicly on 17 April 2014. In March 2017, Sina launched Sina Weibo International Version. In November 2018, Sina Weibo suspended its registration function for minors under the age of 14. In July 2019, Sina Weibo announced that i ...
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Director Of Football
A sporting director, or director of sport, is an executive management position in a sports club. The role is well known as a manager role for European football clubs, which are sometime also "sports clubs", offering many types of sports. The sporting director is, in many cases, a member of the executive board and therefore an executive director. The sporting director is usually directly subordinate to the CEO or the chairman of the sports organization. Director of football A director of football, sometimes also called a sporting director or technical director, is a senior management figure at an association football Association football, more commonly known as football or soccer, is a team sport played between two teams of 11 players who primarily use their feet to propel the ball around a rectangular field called a pitch. The objective of the game is ... club, most commonly in Europe. Often, their key task is managing transfers of players to and from the team. Howev ...
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Gong Lei (footballer)
Gong Lei () (born 15 October 1965) is a Chinese football manager and former player as well as media pundit. As a player he represented Beijing Team, AS Pirae, Toronto Lynx, South China, Toronto Olympians and Beijing Kuanli before he retired and moved into coaching. His first coaching position would be with Gansu Tianma F.C. where he had a short spell with them before becoming an assistant at Shaanxi Zhongjian. He would manage Chinese Super League side Guizhou Renhe where he won the 2013 Chinese FA Cup. Playing career As a youth player Gong Lei was considered a promising youngster and was part of the Beijing Football Team that won the 1984 Chinese Jia-A League title. This soon saw him called up to the Chinese U-20 team squad that took part in the 1985 FIFA World Youth Championship, where China were knocked out in the quarter-finals on 1 September 1985 by the Soviet Union. After several seasons with Beijing, Gong then went abroad to Tahiti and joined AS Pirae, where he experi ...
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Sohu
Sohu, Inc. () is a Chinese Internet company headquartered in the Sohu Internet Plaza in Haidian District, Beijing. Sohu and its subsidiaries offer advertising, a search engine (Sogou.com), on-line multiplayer gaming (ChangYou.com) and other services. History Sohu was founded as Internet Technologies China (ITC) in 1996 by Charles Zhang after he completed his PhD from the Massachusetts Institute of Technology and received venture capital funding from colleagues he met there. The following year, Zhang changed the name of ITC to Sohoo in homage to Yahoo! after meeting its cofounder, Jerry Yang; the name was soon after changed to Sohu to differentiate it from the American company. Sohu has been listed on NASDAQ since 2000 through a variable interest entity (VIE) based in Delaware. Sohu's Sogou.com search engine was in talks to be sold in July 2013 to Qihoo for around $1.4 billion. On September 17, 2013, it was announced that Tencent has invested $448 million for a minority shar ...
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Angel Investor
An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides capital for a business or businesses start-up, usually in exchange for convertible debt or ownership equity. Angel investors usually give support to start-ups at the initial moments (where risks of the start-ups failing are relatively high) and when most investors are not prepared to back them. In a survey of 150 founders conducted by Wilbur Labs, about 70% of entrepreneurs will face potential business failure, and nearly 66% will face this potential failure within 25 months of launching their company. A small but increasing number of angel investors invest online through equity crowdfunding or organize themselves into angel groups or angel networks to share investment capital, as well as to provide advice to their portfolio companies. Over the last 50 years, the number of angel investors has greatly increased. Etymology and origin T ...
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Limited Partnership
A limited partnership (LP) is a form of partnership similar to a general partnership except that while a general partnership must have at least two general partners (GPs), a limited partnership must have at least one GP and at least one limited partner. Limited partnerships are distinct from limited liability partnerships, in which all partners have limited liability. The GPs are, in all major respects, in the same legal position as partners in a conventional firm: they have management control, share the right to use partnership property, share the profits of the firm in predefined proportions, and have joint and several liability for the debts of the partnership. As in a general partnership, the GPs have actual authority, as agents of the firm, to bind the partnership in contracts with third parties that are in the ordinary course of the partnership's business. As with a general partnership, "an act of a general partner which is not apparently for carrying on in the ordinary c ...
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CITIC Trust
CITIC Trust Co., Ltd. is a Chinese investment management company, with license to create private equity fund (as trust). The company was a subsidiary of CITIC Group. However, after a reverse takeover, CITIC Limited () became the parent company for 100% stake (via CITIC Corporation Limited and CITIC Industrial Investment Group Corporation Limited). History CITIC Industrial Trust Investment Corporation () was founded on 1 March 1988 as a subsidiary of CITIC Group (formerly China International Trust Investment Corporation). In 2002 CITIC Trust acquired the trust business from the parent company and renamed to CITIC Trust Investment Co., Ltd. (). The share capital had increased to in 2003. In 2006 CITIC Capital, another subsidiary of CITIC Group, had also acquired 20% stake of the company, which was re-acquired by CITIC Group. In 2014 the share capital of CITIC Trust was increased from to by adjusting the share premium. Shareholders CITIC Trust was wholly owned by CITIC Group (and ...
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