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Suning.com Mulls E-Commerce Business Stake Sale

  • China retailer taps advisers to gauge investor interest
  • Firm seeking about $6 billion valuation for e-commerce unit
2018 Alibaba 11.11 Global Shopping Festival

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Suning.com Co., one of the largest retailers in China, is considering selling a stake in its e-commerce business as it aims to ease financing pressures, according to people familiar with the matter.

Suning.com is working with advisers to gauge interest from both strategic and private equity investors, the people said, asking not to be identified as the discussions are private. The company is seeking a valuation of about $6 billion for the business, though some potential investors approached by Suning.com have put a lower valuation on the unit, the people said.