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Share this article Share this article NANJING, China, May 6, 2021 /PRNewswire/ Suning Group, today announced that it signed a framework agreement for the establishment of a New Retail Development Fund with Jiangsu Province State-owned Assets and Nanjing Municipal State-owned Assets. The New Retail Development Fund is jointly funded by Suning, State-owned Assets and Nanjing Municipal State-owned Assets and social capital, with a total size of RMB 20 billion.  As a local enterprise rooted in Jiangsu Province, Suning is always focusing on its main retail business, and actively integrating into the new development pattern of dual circulation . The fund will support Suning in adjusting and optimizing its structure, revitalize high-quality assets, achieve transformational development, and promote the high-quality development of the new retail industry. 

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