China Resources Enterprise, an internationalized business platform, and Fung Investments, a global investment company, agreed to form a $300m joint venture to make investments in offshore companies. "The growth of Chinese consumerism is set to sustain growth and create abundant opportunities for consumer and lifestyle companies that are looking to do business in China. As more Chinese consumers are demanding for new, high‑quality brands, products, services and technologies, we are excited to join forces with CRE to invest in new consumption areas which offer great growth potential such as food, lifestyle, fashion and healthcare," Victor Fung, Fung Investments Chairman.