All Suning articles

  • Zhang Jindong
    News

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

    2019-12-20T07:40:00Z

    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

    Suning.com completes Carrefour China acquisition

    2019-09-27T10:23:00Z

    Suning.com 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
    News

    Carrefour sells China business to Suning.com

    2019-06-24T10:03:00Z

    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.
    News

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

    2015-08-10T16:19:00Z

    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

    2010-08-26T13:37:00Z

    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

    2010-03-12T00:00:00Z

    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

    2010-01-08T00:00:00Z

    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

    2009-07-17T00:00:00Z

    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 ...