A wholly-owned subsidiary of Suning.com, one of the largest non-government retailers in China, announced on Thursday it entered into an agreement with Jack Ma-backed investment firm Yunfeng Capital to launch a private equity fund with an aim to raise up to US$2.5 billion.
Chinese Retail Giant Commits $210M To Jack Ma-Backed Yunfeng Capital’s New Fund comes originally from China Money Network. All Rights Reserved.