Shanghai Bailian Shopping Center Co., Ltd announced that it will receive CNY 2,000,000,000 in an equity round of funding on November 24, 2023. The transaction will include participation from returning investor Shanghai Bailian (Group) Co., Ltd. for CNY 2,000,000,000 to retain the majority stake in the company. This has been approved in the 28th meeting of the ninth board of directors.

The registered capital of the company is CNY 30,000,000. The registered capital of the company will increase from CNY 30,000,000 to CNY 2,030,00,000.