Suning.com(苏宁易购)
Fast facts
- Year Founded
- 1990
Source: Suning Websitewww.suning.cn/cms/companyHistory/1947.htm
- HQ Location
- Nanjing, Jiangsu, China
- Publicly Traded?
- Yes
Source: Shenzhen Stock Exchangewww.szse.cn/market/trend/index.html
- Overseas Operations
- Yes
Subsidiaries of the Company in Hong Kong are mainly engaged in commodity retailing and wholesaling and overseas purchase. They achieved main business revenue of RMB 7.75 billion in 2020, with a YoY growth of 54.03%. The Company set an institute in Silicon Valley, mainly engaged in cloud computing, big data and other IT research and development. Due to the needs of carrying out business, the Company set subsidiaries overseas, including Great Elite Limited, Shiny Lion Limited, Great Universe Limited, Granda Magic Limited, and Great Horizon Limited, mainly engaged in investment.Source: Suning 2020 Annual Reportwww.suning.cn/static///snsite/contentresource/2021-07-16/c9787115-1826-4f70-9602-dff768ca1e01.pdf
- US Sanctions
- No
- Military Affiliation in China
- No
Revenue
2019Source: Suning 2019 Annual Reportwww.suning.cn/static///snsite/contentresource/2020-05-22/2fb07c2f-79eb-4420-8e00-35cf9a973568.pdf
*2019
Valuation
Valuation is reported as market capitalization. It was converted from RMB using the exchange rate from June 26, 2022 13:49:01.Source: Yahoo Financefinance.yahoo.com/quote/002024.SZ/key-statistics
*Valuation is reported as market capitalization. It was converted from RMB using the exchange rate from June 26, 2022 13:49:01.
Employees
Source: Suning 2019 Annual Reportwww.suning.cn/static///snsite/contentresource/2020-05-22/2fb07c2f-79eb-4420-8e00-35cf9a973568.pdf
Suning.com Co., Ltd. formerly Suning Commerce Group Co., Ltd., is one of China’s largest retail providers.
The company offers ecommerce services and operates an offline shopping network, including two small-sized store brands — Suning Convenience Store and Suning Retail Cloud Store — and department stores brands Suning Plaza and Carrefour Community Center, plus specialty stores like Suning Sports, Suning Cinema, Suning MotorShip, SuFresh, Redbabay, and JIWU.
The company also owns a Japanese retail company Laox.
Source: Suning Websitewww.suningholdings.com/cms/companyProfile/index.htm
-
- Name
- Ownership
-
- Taobao (China) Software
Source: Qichachawww.qcc.com/firm/aafb85c76d8bac7e58821063d3ca2f5c.html
- 19.99%
- Taobao (China) Software
-
- Zhāng Jìndōng
Source: Qichachawww.qcc.com/firm/aafb85c76d8bac7e58821063d3ca2f5c.html
- 17.62%
- Zhāng Jìndōng
-
- Jiangsu Xinxin Retail Innovation Fund Phase II
Source: Qichachawww.qcc.com/firm/aafb85c76d8bac7e58821063d3ca2f5c.html
- 16.96%
- Jiangsu Xinxin Retail Innovation Fund Phase II
-
- Jiangsu Xinxin Retail Innovation Fund
Source: Qichachawww.qcc.com/firm/aafb85c76d8bac7e58821063d3ca2f5c.html
- 5.59%
- Jiangsu Xinxin Retail Innovation Fund
-
- Lǐ Sōngqiáng
Source: Qichachawww.qcc.com/firm/aafb85c76d8bac7e58821063d3ca2f5c.html
- 3.02%
- Lǐ Sōngqiáng
-
- Suning Holding
Source: Qichachawww.qcc.com/firm/aafb85c76d8bac7e58821063d3ca2f5c.html
- 2.73%
- Suning Holding
-
- Hong Kong Securities Clearing Company Limited (HKSCC)
Source: Qichachawww.qcc.com/firm/aafb85c76d8bac7e58821063d3ca2f5c.html
- 1.90%
- Hong Kong Securities Clearing Company Limited (HKSCC)
-
- Suning Appliance
Source: Qichachawww.qcc.com/firm/aafb85c76d8bac7e58821063d3ca2f5c.html
- 1.39%
- Suning Appliance
-
- Jīn Míng
Source: Qichachawww.qcc.com/firm/aafb85c76d8bac7e58821063d3ca2f5c.html
- 1.34%
- Jīn Míng
-
- Central Huijin Asset Management
Source: Qichachawww.qcc.com/firm/aafb85c76d8bac7e58821063d3ca2f5c.html
- 0.79%
- Central Huijin Asset Management
- Zhang Jindong, Chairman
- Sun Weimin, Director, Vice Chairman
- Ren Jun, Director
- Meng Xiangsheng, Director, Senior Vice President
- Yang Guang, Director
- Xu Hong, Director
- Liu Shiping, Independent Director
- Fang Xianming, Independent Director
- Chen Zhenyu, Independent Director
Source: Suning 2019 Annual Reportwww.suning.cn/static///snsite/contentresource/2020-05-22/2fb07c2f-79eb-4420-8e00-35cf9a973568.pdf
Subsidiaries of the Company in Hong Kong are mainly engaged in commodity retailing and wholesaling and overseas purchase. They achieved main business revenue of RMB 7.75 billion in 2020, with a YoY growth of 54.03%. The Company set an institute in Silicon Valley, mainly engaged in cloud computing, big data and other IT research and development. Due to the needs of carrying out business, the Company set subsidiaries overseas, including Great Elite Limited, Shiny Lion Limited, Great Universe Limited, Granda Magic Limited, and Great Horizon Limited, mainly engaged in investment.
Source: Suning 2020 Annual Reportwww.suning.cn/static///snsite/contentresource/2021-07-16/c9787115-1826-4f70-9602-dff768ca1e01.pdf
Suning.com Sanctions
While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. Chinese companies’ affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. Given this, a Chinese company may not be the subject of sanctions, but one of its subsidiaries may be, thus making it difficult to accurately ascertain a company’s full sanctions status.
The latest news on Suning.com from SupChina
Tech is coming for China’s convenience stores
Convenience stores in Japan and Taiwan have long offered their customers everything from beer and soft drinks to an amazing variety of freshly cooked food. The Japanese chains and their local knockoffs have grown rapidly in China in the last two decades, but now tech companies are aggressively moving into their turf.
Suning.com wants an IPO for Carrefour China — to fund growth or pay debts?
Indebted Suning wants to independently IPO the retail chain it bought from French hyperstore giant Carrefour just 18 months ago.
Inter Milan up for sale as Suning looks to escape soccer’s financial black hole
Also in this week’s China Sports Column: Mitt Romney calls for “economic” — not athletic — boycott of Beijing 2022.
The biggest ecommerce companies in China — a brief guide
China’s ecommerce market is complex, massive, and highly competitive. Its companies and their business models are completely different from those in other markets, and none of the big American and European players have any real presence. This is a guide to the major Chinese players and their offerings.
China’s tech giants are cloning the Apple Store
Alibaba and DJI, facing a slowdown in the growth of ecommerce, are turning toward physical stores, which can offer customers hands-on explorations of products and loyalty-engendering customer service. “In the coming years, we anticipate the birth of a reimagined retail industry, driven by the integration of online, offline, logistics and data,” wrote Jack Ma, Alibaba’s co-founder, in a note to shareholders in October.
The latest news on Suning.com from across the web
Suning.com Said to Mull Sale of Carrefour China Majority Stake
Suning.com Co., the Chinese retailer backed by Alibaba Group Holding Ltd., is weighing a sale of its controlling stake in Carrefour SA’s business in the country, people with knowledge of the matter said.
China Construction Bank Sues Suning for $255 Million on Creditors' Behalf
China Construction Bank Corp. on behalf of creditors sued Suning Appliance Group Co Ltd. to recoup about $255 million lost on debt.
SUNING COM (002024.SZ) Stock Price, News, Quote & History – Yahoo Finance
Find the latest SUNING COM (002024.SZ) stock quote, history, news and other vital information to help you with your stock trading and investing.
Cover Story: What Will Suning Have to Sell Next?
Chinese retailing giant still faces massive debts even after Shenzhen government bailout and may have to unload financial or logistics units
State Comes to the Rescue of Former Retail Superstar Suning
Two state-owned investment entities from the southern boomtown of Shenzhen will pay $2.3 billion for a combined 23% of the struggling company
Retail Giant Suning.com Raises 6 Billion Yuan for E-Commerce Spin-off
Having closed hundreds of stores in 2020, company’s sales have benefited from a shift online
Alibaba Joins $1.36 Billion State-Backed Bailout of Debt-Ridden Suning.com
Rescue consortium that also includes appliance-makers Midea and Haier takes 17% stake in beleaguered retail giant
Alibaba Deal Prospects Put Suning.com China Bond at 2021 High
Suning.com Co. local bonds climbed Wednesday after news that a consortium led by Alibaba Group Holding Ltd. and a provincial government may be close to buying a stake in part of the troubled Suning conglomerate.
Alibaba, Jiangsu-Led Consortium Near Deal for Suning.com Stake
A consortium led by Alibaba Group Holding Ltd. and the Jiangsu provincial government are nearing a deal to buy a stake in the retail arm of Chinese billionaire Zhang Jindong’s Suning empire, according to people familiar with the matter, the latest domino to fall in Beijing’s effort to clean up its heavily indebted conglomerates.
Alibaba may be Suning’s white knight in hiding
Alibaba (9988.HK) may be the simple solution to Suning.com’s (002024.SZ) mounting debt problems. The e-commerce giant’s 20% stake in the embattled Chinese retailer has plunged by two-thirds in value since it bought it in 2015. The shares have further to fall as Suning faces billions of debt due. Given Alibaba’s push into bricks-and-mortar commerce, a takeover could benefit both sides.
Gaming Gear Maker Gigabyte Dives After Mocking ‘Made in China’
Gigabyte Technology Co. has become the latest international business to face a boycott in China after its comments about shoddy Chinese-made goods prompted an online furor and its removal from e-commerce sites.
Chinese Super League champions Suning Jiangsu disbanded with immediate effect – Inside World Football
March 1 – The Chinese Super League, which for the last few years has been flexing its financial muscle to attract world stars in the latter stages of their careers, has been stunned by reigning champions Jiangsu FC announcing they are ceasing operations with immediate effect. Just three months after winning their first title, the Nanjing-based club, owned by retail giant Suning that also holds a majority stake in Italian league leaders Inter Milan, Read more …
Updated: Suning says no Pinduoduo clone plans · TechNode
The entry of Suning into the budget shopping market will further fan the contentious competition in the bargain hunting sector.
France's Carrefour free to focus on home market after retreat from China
Shares in France’s Carrefour rose on Monday after it became the latest Western retailer to retreat from the Chinese market as fierce competition from domestic rivals and a growing online market puts pressure on foreign firms.
