Jack Ma denies plans to buy AC Milan

Jack Ma, the owner of Chinese e-commerce giant Alibaba today refuted reports that he is in talks with Italian Serie A club AC Milan over a possible takeover.
According to reports by Italian media, Ma has offered 400 million euros (around USD 450 million) for a 70 per cent stake in AC Milan and its club owner Silvio Berlusconi is taking it seriously.
"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 jocularly on Weibo, the Chinese version of Twitter, state-run Xinhua news agency reported.

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