Announced
Completed
Financials
Sources
Tags
Completed
Domestic
Private Equity
e-commerce
E-commerce
China
Private
Acquisition
Minority
Venture Capital
Single Bidder
Friendly
Synopsis
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.
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