Suning, a privately owned Chinese retailer, announced additional investments of 1.5 billion yuan ($235.96 million) in Wuxi, Jiangsu province for logistics, e-commerce, and Internet finance.
More than 200 people from home and abroad witnessed the inking of 59 projects, worth 23.8 billion yuan ($3.74 billion), between Binhu district in Wuxi and enterprises at the signing ceremony of the 2015 Binhu District Golden Autumn Economy and Trade Fair on Oct 28.
During the first three quarters of the year, Wuxi's gross regional domestic product totaled 613.5 billion yuan ($96.59 billion), an increase of 7.1 percent over the same period in 2014.
Thirty entrepreneurs withcorporate headquarters in Wuxi were ranked on the Hurun Rich List 2015, released by the Hurun Research Institute on Oct 17.
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