Boyu Capital is acquiring a 75% stake in Beijing Badaling Outlets through its subsidiary Ruide Fashion, marking its second major Beijing retail investment in under a year. The outlet will transition to joint control upon deal completion. Opened in 2015 in Beijing’s Changping District, the 115,000-sqm open-air complex houses over 220 luxury brands. In 2024, it generated approximately 2.84 billion RMB ($392 million) in revenue with strong profitability and cash flow. The acquisition extends Boyu’s portfolio into the premium outlet space, complementing its existing investment in luxury retail.

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