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China debt crunch

Founder of debt-laden Chinese retailer Suning eyes stock sale

Owner of Inter Milan soccer club rejects claims group will be bought by Alibaba

An employee of Suning piles up reusable boxes to be delivered at a logistics center.   © Reuters

SHANGHAI -- The owners of plan to sell more shares held in the debt-ridden Chinese retail group, it was announced Wednesday, a sale that puts founder and Chairman Zhang Jindong's control over the company into question.

Zhang and entities under his control will sell a portion of their shares in Suning. The buyers and the percentage stake involved have not been disclosed.

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