Suning Sports, the sports unit of Chinese retailer Suning Holdings Group, announced that it has completed a series A round led by Alibaba Group Holdings and Goldman Sachs. Other investors in the round include Chinese property developer Evergrande Group, Yunfeng Capital, Chinese AI company Sensetime, Sports Industrial Fund of Zhejiang Province and Jiangsu Province, as well as overseas subsidiaries of Chinese banks CCB International, Minsheng Bank International and ABC International. The round worth US$600 million, valuing Suning Sports over RMB10 …

Alibaba, Goldman Sachs Co-lead $600M Series A Round In Suning Sports appeared first on China Money Network.


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