All Suning articles

  • Zhang Jindong

    Suning to open 10,000 stores in 2020 in £4.4bn expansion splurge


    Chinese retail titan Suning has revealed plans to open 10,000 new stores and create 8,000 jobs next year as part of an ambitious RMB 40bn (£4.4bn) expansion strategy.

  • Carrefour jpg
    News completes Carrefour China acquisition

    2019-09-27T10:23:00Z has completed its acquisition of Carrefour’s Chinese business, as the retailer looks to accelerate the expansion of its bricks-and-mortar portfolio.

  • Carrefour is selling a majority stake in its Chinese business

    Carrefour sells China business to


    Carrefour has become the latest big Western retailer to beat the retreat in China after agreeing to sell its business there.

  • Chinese etail giant Alibaba is investing $4.6bn (£2.9bn) in electronics chain Suning, one of the country’s largest bricks and mortar retailers.

    Alibaba acquires 20% stake in electricals retailer Suning in £2.9bn deal


    Chinese etail giant Alibaba is investing $4.6bn (£2.9bn) in electronics chain Suning, one of the country’s largest bricks-and-mortar retailers.

  • News

    Suning to purchase 21m in shares in LaOX


    Chinese consumer electronics retailer Suning is to purchase a further 21 million shares in Japanese retailer LaOX. After the purchase, Suning will hold 33.08% of LaOX shares. Suning will also nominate two new board directors, which needs to be approved later by the shareholders.

  • News

    Suning sales up to £5.46bn


    Consumer electronics retailer Suning has reported that preliminary full-year net sales jumped 16.8% to Yn58.3bn (£5.46bn) against the previous year. Net profit hit Yn2.88bn (£269.9m), up 32.8% year on year. Comparable store performance improved 7%. Suning opened 182 stores in 22 cities over the year, and closed 53 stores. ...

  • News

    Deal between Suning and Citicall Retail Management


    Suning, one of the leading electrical appliance retailers in China, has struck a deal to buy Hong Kong-based Citicall Retail Management for $4.5m (£2.76m), sources reported. Suning is due to complete its takeover of Citicall Retail Management by March. The Shenzhen-listed enterprise wants to extend its presence in ...

  • News

    Suning poised to buy stake in Laox


    China’s second largest home appliance chain Suning is poised to buy a ¥800m (£5.4m)stake in struggling Japanese consumer electronics retailer Laox. Suning will acquire 66.7 million shares at ¥12 (8p) a share. The deal will give it a 27 per cent holding, making it Laox’s largest shareholder. A ...