Yunfeng joins $817m investment in Suning finance unit
Yunfeng Capital is among 15 investors that have committed RMB5.34 billion ($817 million) for a 16.5% stake in Suning Finance, a financial services subsidiary of Chinese home appliance retailer Suning Commerce Group.
The investment – which values the business at RMB32.2 billion, up from RMB27 billion before the deal – will also see an entity controlled by the parent company and an employee investment program put...
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