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PublicSZSE:002024
Date7/2004
Raised
Post IPO Valuation

General Information

Websitesuning.com
CategoryOther
Employees
Founded1996

Offices

Nanjing, CHN
Jiangsu Suning Xuzhuang Software Park Avenue
Xuanwu District
Nanjing, CHN

People

Chairman

Acquisitions

Total$400M
Manzuo.com, 1/2014
PPTV, 9/2013 $400M

Investments

PPTV 10/2013

Tags

Suning

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Coupled with the fact that multinational companies such as Best Buy and Media Market have withdrawn from China due to the geographic and economic differences among regions and the distinct differences in consumer culture, Suning is positioned to become a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.

Recent Milestones

Videos

Screenshots

Suning screenshot
Above: Suning Screenshot -- #1
Uploaded: 2/11/14

Stock Price

Sources

  1. Suning acquires VC-backed group buying site Manzuo (avcj.com) [edit]
  2. Report: Suning to buy PPTV for around $400 million (techinasia.com) [edit]
  3. UPDATE 1-China's Suning, Hony Capital to invest $420 mln in PPTV (reuters.com) [edit]
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Last Edited 3/21/14

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