CDIB Capital Invests CNY200 Million in Tutwo Outdoor (Asia)
Source: CDIB Capital
CDIB Capital, the international private equity arm of China Development Financial, has invested CNY200 million (approximately US$30 million) in China-based outdoor sporting goods retail platform Tutwo Outdoor. CDIB Capital invested through CDIB Capital Asia Partners. Established in 2006, Tutwo operates more than 900 stores across China.