Shenzhen Capital Group and Shenzhen Luohu Guide Fund led a $912m Series A funding round in Yunwang Wandian.

Shenzhen Capital Group, a venture capital company, and Shenzhen Luohu Guide Fund Investment, an investment company, led a $912m Series A funding round in Yunwang Wandian, Suning's internet platform business. Yunwang Wandian will use its parent's information technology infrastructure while Suning's supply chain and logistics units will provide services to the new subsidiary.