Alibaba Owner Eyeing Sveti Stefan | Beta Briefing

Alibaba Owner Eyeing Sveti Stefan

Source: Beta/Investitor
Archive / SEE Business | 19.03.20 | access_time 14:50

Montenegro (Sveti Stefan)

Naturalized Montenegrins Wei Seng Phua and Petros Statis are negotiating the inclusion of one of the wealthiest Chinese, Jack Ma, in their business in Montenegro. 

Jack Ma is, among other things, the owner of online retailer Alibaba, B92 reports. Vijesti has unofficially learned from several sources that the two sides are negotiating, while it is unknown whether Jack Ma would enter into the joint business or take over management of the most attractive part of the Montenegrin coast - the Sveti Stefan hotel complex, Milocer and the Maestral Hotel, Montenegrin website Investitor reports. 

The Chinese-Malaysian and Greek-born businessmen own the companies Adriatic Properties and Fasamo, through which they manage Sveti Stefan and the Maestral Hotel.

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