China: Suning Commerce Group plans $7.7b investment arm, two new funds

China: Suning Commerce Group plans $7.7b investment arm, two new funds

100 Yuan notes are seen in this illustration picture in Beijing November 5, 2013. REUTERS/Jason Lee/Files

Suning Commerce Group Co Ltd., one of the largest electronics retailers in China, has said that it will create a new investment arm which will have about $7.7 billion under management.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter