Bialetti, a well-known coffee machine, may no longer wear the green, white, and red hues that have long defined the Moka Express design, an emblem of Made in Italy. Following months of rumors, Bialetti Industrie appears to be on the verge of transferring ownership to Chinese hands. The negotiations that are currently underway suggest that the Chinese fund Nuo Capital, which is managed by Hong Kong magnate Stephen Cheng, is interested in acquiring a controlling stake in the renowned Italian company.  In recent times, there have been rumors about potential interest from luxury giants such as Hermés or the Exor group of the Agnelli-Elkann family. But Bialetti clarified the matter with an official statement: “Negotiations are underway exclusively with Nuo Capital, a company under Luxembourg law, for the acquisition of a controlling stake". According to analysts at investment bank Intermonte, Nuo Capital “should replace the current shareholders, Francesco Ranzoni, who holds 50 percent, and Sculptor Holding with 19.5 percent". The Hong Kong corporation, managed by the Cheng family and linked to the heirs of Émile-Maurice Hermès, is not new to these operations; it is actually an investment firm that promotes high-quality Italian art and craftsmanship in Asia.