Suning International Co-Launches Fund With Jack Ma’s Yunfeng Capital

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Suning International Group Co., a subsidiary of Chinese online retailer suning.com, will contribute US$50 million to jointly launch a fund called Yunfeng IK Co-invest with Yunfeng IK Co-invest GP, an investment vehicle of Chinese billionaire Jack Ma’s private equity firm Yunfeng Capital. This is according to an announcement today on the Shenzhen Stock Exchange.

China Money Network

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