ST Tesco announced on May 29 that the company will cooperate with China CITIC Financial Asset Management Co., Ltd. Jiangsu Branch (“CITIC Financial Jiangsu Branch”). CITIC Financial Jiangsu Branch will provide Nanjing Suningjia E-Commerce Co., Ltd. with no more than 480 million yuan in operating and development capital through the trust plan set up by CITIC Trust Co., Ltd., and the financing capital will mainly be used to support the development of the company and retail cloud business. The company's subsidiaries Huzhou Tiaoxi Suning Tesco Trading Co., Ltd., Shandong Suning Yida Storage Co., Ltd., and Nanjing Dingbang Network Technology Co., Ltd. acted as joint debtors and provided collateral guarantees for this financing.
ST易购：中信金资江苏省分公司拟向苏宁加电商提供不超4.8亿元融资，支持公司及零售云业务发展
ST Tesco: CITIC Financial Jiangsu Branch plans to provide no more than 480 million yuan in financing to Suningga e-commerce to support the development of the company and retail cloud business
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