Suning Tesco announced on the evening of July 20 that the company's subsidiary Suning International plans and Yunfeng Investment III, Ltd. Cooperation, participate in the investment of Yunfeng Fund III, and intend to cooperate with other limited partners to use their respective industries, capital, and professional advantages to jointly create a private equity fund with a target size of no more than 2.5 billion US dollars. Suning International, as a limited partner, plans to invest no more than $210 million in subscription fund shares. The company said that the main investment target of the fund is to have important operational or expansion potential in Greater China (including mainland China, Hong Kong, Macau or Taiwan). Or companies that are strategically important to Greater China's business, with key investments in the Internet and e-commerce, media and entertainment, business services and technology, and healthcare.