Jack Ma-Backed Yunfeng Capital Joins $814M New Round In Suning’s Financial Service Unit

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Suning Finance, the financial services unit of Chinese electronics retailer Suning Commerce Group Co., Ltd., has raised RMB5.335 billion (US$814 million) from 15 investors including Yunfeng Capital, an investment firm co-founded by Alibaba’s executive chairman Jack Ma.

China Money Network

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