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

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.