Just before Christmas, Bo Bai, a Beijing-based private equity investor, poured Rmb500m ($77m) into Huitongda Network, an e-commerce platform based in the Chinese city of Nanjing.
Huitongda plans to supply almost 80,000 local shops and their 50m customers with green products such as rooftop solar panels.
Until late 2016, Mr Bai was a high-flying executive working for US private equity firm Warburg Pincus in China.
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