Goldman, Alibaba lead $600m round for China's Suning Sports
Goldman Sachs and Alibaba Group have led a $600 million Series A round of funding for the sports unit of Chinese electronics retailer Suning, which holds the domestic media rights to a range of sporting competitions. The deal values the business at more than RMB10 billion ($1.5 billion)
Yunfeng Capital, Lion Rock Capital, property developer Evergrande Group, and artificial intelligence technology provider SenseTime are among the other investors. They were joined by several provincial...
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