Chinese retailer Suning.com to raise $68m for its smart retail arm

Chinese retailer Suning.com to raise $68m for its smart retail arm

Suning.com's headquarters. Photo from Suning.com

Suning Retail Cloud, a smart retail subsidiary of Chinese retailer Suning.com, is raising up to 480 million yuan ($67.7 million) in debt financing to fund its business pivot as the parent group struggles to turn a profit.

Edited by: Joymitra Rai