March 1, 2017 / 9:09 AM / in 8 months

BRIEF-Yonyou Network Technology plans commercial factoring JV in Shenzhen

March 1 (Reuters) - Yonyou Network Technology Co., Ltd.:

* Says the co plans to set up a commercial factoring JV in Shenzhen, with Beijing-based enterprise management institute firm

* Says the JV to be capitalized at 50 million yuan and the co to hold 30 percent stake in it

Source text in Chinese:goo.gl/obnEFR

Further company coverage: (Beijing Headline News)

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