On April 12, SUNING LSY announced the successful closing of a significant Series A financing with investment from CPE and ADV Partners.

CEC Capital Group served as the exclusive financial advisor in this transaction for SUNING LSY.

Established in 2017, SUNING LSY is an open platform that provides Suning's smart retail capabilities to external partners, enabling them in emerging markets with an innovative "supply chain + stores + social e-commerce" model. As of the end of 2020, SUNING LSY has opened 8,000 stores and achieved an annual sales revenue of over RMB 20 billion.