Suning Plans $7.7B Fund To Expand And Invest Overseas

shopping copySuning Commerce Group, one of China's largest electronics retailers, plans to create a separate investment arm seeking to raise as much as RMB50 billion (US$7.7 billion) within five years. The Nanjing-based Suning is also establishing two separate investment funds each targeting RMB2 billion by the end of this year. One fund will focus on investing […]

Visit for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Read the original article: China Money Network