Zhuzhou Rainbow Department Store Co., Ltd. announced that it expects to receive CNY 128 million in funding from Rainbow Digital Commercial Co., Ltd.

Rainbow Digital Commercial Co Ltd, formerly Rainbow Department Store Co Ltd, is a company mainly engaged in retail business. The Company operates two segments. The Retail segment is involved in the operation of department stores, supermarkets, shopping centers and convenience stores. The segment sells clothing, food, cosmetics and other products through both online and offline channels. The Real Estate segment operates the development and sales of different types of properties, including high-end apartments, shopping malls and commercial office buildings. The Company operates its businesses in many locations in China, including Guangdong, Fujian, Jiangxi, Beijing and Chengdu.