CICC and Tencent led consortium completed the $153m investment in Yonghui Superstores.

CICC and Tencent led consortium completed the $153m investment in Yonghui Superstores, a Chinese the department store operator. China Merchants Bank, Minsheng Securities' PE vehicle Minsheng Equity Investment Fund Management, and Shanghai-headquartered asset manager Greenwoods' investment arm Greenwoods Investment joined the latest round as new investors. Existing investors including Yonghui Superstores - the parent company of Yonghui Fresh Food - Asia-focused PE firm Hillhouse Capital, and Sequoia Capital China re-upped in the round.