Chinese retailing company Suning revealed that the company has so far invested 61.41 percent of its $210 million commitment to private equity firm Yunfeng Capital’s third fund.
Suning, through its subsidiary, Suning International, is making the investment in Yunfeng Fund III, which targeting a total corpus of up to $2.5 billion.
The commitment will enable Suning to deepen its smart retail strategy, further enrich the Suning ecosystem and also achieve financial returns.
Yunfeng Capital's new fund has so far attracted commitments from 51 limited partners.