Chinese Retailer Suning.com Teams Up With PE Firm To Launch $1.48B Fund Of Funds

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Suning.com, one of the largest retailers in China, has planned to team up with Guojun Capital, a private equity unit of Chinese securities firm Guotai Junan Securities, to launch a fund of funds with a target size of RMB10 billion (US$1.48 billion), the retailer announced on Tuesday.

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