|Post IPO Valuation|
Suning is the largest commercial enterprise in China with more than 1,600 chain stores covering over 600 cities in Mainland China, Hong Kong and Japan employing 180,000 people grossing $37.7 billion in sales.
Its e-commerce platform, Suning.com, ranks among China’s top three B2C companies. Suning strives to become a leading, global retail brand by 2020, with sales of $100 billion and another $100 billion by third-party sellers through Suning.
Suning is committed to transforming the retail industry and believes in a business model built on the continued growth of both its physical stores and online presence.
The company’s cloud-based technology platform helps manufacturers, distributors, and retailers offer a seamless and scalable experience to individuals, families and large-scale enterprises spanning logistics, finance, and marketing.
Coupled with the fact that multinational companies such as Best Buy and Media Market have withdrawn from China due to the geographic and economic differences among regions and the distinct differences in consumer culture, Suning is positioned to become a leading world-class retail brand. By 2020, Suning aims to become one of the world’s leading retailer brands with its own revenue and third-party sales through Suning projected at $100 billion respectively, and overseas sales to reach $10 billion.
Suning was founded in 1996 and went public on the Shenzhen Stock Exchange in 2004. In 2006, Suning raised 12 million RMB.