BEIJING (Reuters) – Taobao China Software will sell its 20% stake in Suning.Com to Hangzhou Haoyue Enterprise Management for 2.8 billion yuan ($389 million), Shenzhen-listed Suning.Com said in a filing on Friday.
($1 = 7.1979 Chinese yuan renminbi)
(Reporting by Ethan Wang, Ella Cao and Brenda Goh; editing by Jason Neely)
