China Resources Enterprise, HK's Fung Investments set up $300m JV

China Resources Enterprise, HK's Fung Investments set up $300m JV

Hong Kong. Photo by Shuja Official on Unsplash

Hong Kong-listed conglomerate China Resources Enterprise (CRE) and Fung Investments, which is owned by Hong Kong’s Fung family, have set up a 50-50 joint venture (JV) to invest $300 million in quality brands, products, services, and technologies, the duo announced on Friday.