Jack Ma-backed Yunfeng takes part in $817m deal in Suning Finance

Shanghai. Photo by zhang kaiyv on Unsplash

Yunfeng Capital, a private equity firm co-founded by Jack Ma from Alibaba group and 15 other investors, has joined a $817-million investment round in Suning Finance, a financial service unit of Suning Commerce Group, one of China’s largest electronics retailers, the AVCJ reported.

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