BEIJING, July 23 (Xinhua) -- China’s retail giant Suning.com announced that its subsidiary Suning International plans to cooperate with Yunfeng Investment III, Ltd. to participate in the investment of Yunfeng Fund III, L.P.
The Suning unit, Yunfeng Investment III and other limited partners plan to build the private equity fund with a target size of no more than 2.5 billion U.S. dollars by utilizing each party’s industry, capital and professional advantages, reported the Shanghai Securities News.
Suning International, as a limited partner, plans to invest no more than 210 million U.S. dollars. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)
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