Suning.com's e-commerce and online retail unit raises $912m Series A funding

Suning.com's headquarters in Nanjing, China. Source: Suning.com

Suning.com, one of the largest retailers in China, announced on Tuesday that its e-commerce and online retail arm Yunwang Wandian has secured 6 billion yuan ($912.3 million) in a Series A round of financing as the company seeks to consolidate and take full advantage of its online-and-offline resources.

At a pre-money valuation of 25 billion yuan ($3.8 billion), Yunwang Wandian entered into a fundraising agreement with a group of domestic institutional investors on November 30, Suning.com disclosed in a filing to the Shenzhen stock exchange on December 1.

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