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

Financials

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Transaction Value£683m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Completed

Domestic

Private Equity

e-commerce

E-commerce

China

Private

Acquisition

Minority

Venture Capital

Single Bidder

Friendly

Synopsis

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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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