Judging from its shareholding structure, Liu can see through different levels of shareholding.

This private equity institution should be one of many holding companies of Liu Zai, and few companies have set foot in the private equity field. In fact, at present, JD.COM is second only to Tencent and Ali in investment field and M&A, and has participated in many investment projects, and is laying out "new retail".

What investments will this private equity firm with Liu make in the future? There is this private equity institution behind Liu. According to the registration information, Jinghedu (Dongguan) Equity Investment Management Co., Ltd. was established on March 29, 20 18, and then registered as a private equity fund manager in the association on June 10 with a registered capital of RMB 5 million, belonging to private equity and venture capital fund managers.

1. Li Guocheng, legal representative and chairman of the company, 20 17. Since August, he has served as vice president and CHO of group investment of Guangdong Metropolis Meiye Co., Ltd..

2. According to public information, Jinghedu (Dongguan) Equity Investment Management Co., Ltd. is an industrial investment platform jointly funded by JD.COM Group and Metropolitan Beauty, with the mission of "creating fashion and beauty, improving the taste of human life" and the vision of "becoming a leading global investment platform for fashion industry". Jinghedu (Dongguan) equity investment was established by Guangdong Metropolitan Liren Industrial Co., Ltd., Suqian Huiyuan Investment Management Co., Ltd. and Shenzhen Metropolitan Zhichuang Investment Development Enterprise (limited partnership) with a capital contribution of 3 million yuan.

3. Suqian Huiyuan Investment Management Co., Ltd., which holds 20% of the shares, is actually held by a company called Jiangsu Bangneng Investment 100%, and Liu, one of the natural person shareholders of Bangneng, holds 45%.

4. In addition, public information also shows that Jinghe Capital, as a fashion industry investment fund initiated by JD.COM and Metropolitan Beauty, has Fosun Group, Tencent, Sino-Swiss Holdings, Wanda Group, Yonghui Group and other enterprises with strong background and high-quality resources as indirect shareholders.

5. As mentioned in the announcement, in order to further long-term and deeper strategic cooperation between the two parties, Jinghedu (Dongguan) Equity Investment Management Co., Ltd., a subsidiary of Metropolitan Beauty, plans to acquire 8.32 million shares of Jiansheng Group by block trading, accounting for 2% of the shares. 6. It is reported that Jiansheng Group is a company engaged in R&D, knitwear design, manufacturing and service, which has obvious competitive advantages in the design and production supply chain of R&D, socks and seamless underwear products. As a leading underwear brand in China, Metropolitan Beauty has rich strategic resources in brand promotion, market sales, retail operation and Internet sales of intimate clothes. This time, through a joint venture private equity firm with Internet e-commerce giant JD.COM, we hold the equity of listed companies and look forward to its future chemical effects. The announcement also said that Jinghedu (Dongguan) Equity Investment Management Co., Ltd. will assist Jiansheng Group and Urban Beauty to integrate resources and promote both sides to become bigger and stronger.