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  1. Oct 11, 2024 · Zhang's son, Zhang Kangyang, was nominated to the board. Zhang oversees the company's international businesses including a football club in Milan and retailing network Laox in Japan. In a letter to employees at Suning.com, Zhang Jindong said after announcing his resignation: "Retail is a marathon that has no end.

  2. 3 days ago · Zhang Jindong, billionaire founder and board chairman of Suning, continues to be the largest shareholder in the company. Suning's shares on the Shenzhen Stock Exchange on Monday hit an intraday high of 7.7 yuan, reaching the daily upside limit of 10 percent. Suning's retail business has underperformed in recent years and worsened further last year.

  3. Oct 5, 2024 · Zhang Jindong, his trust and two of his Suning holding companies, will transfer the almost 17 percent stake to Jiangsu Xinxin Retail Innovation Fund II. After the transfer, Zhang and the Suning holding company will remain the e-commerce firm's largest shareholder with a nearly 20.4 percent stake.

  4. Sep 29, 2024 · China said it will focus on solving outstanding economic problems and strive to complete annual economic and social development goals, state media reported on Sunday, citing a meeting of China's ...

  5. 4 days ago · Jiangsu Government backed consortium comprising of TCL Technology Group Corporation (SZSE:000100), Xiaomi Corporation (SEHK:1810), Midea Group Co., Ltd. (SZSE:000333), Haier Smart Home Co., Ltd. (SHSE:600690), and Alimama agreed to acquired 17% stake in Suning.com Co., Ltd. (SZSE:002024) from Suning Electrical Appliance Group Corporation, Suning Holdings Group Co., Ltd. and Zhang Jindong for ...

  6. Oct 7, 2024 · Jiangsu Government backed consortium comprising of TCL Technology Group Corporation (SZSE:000100), Xiaomi Corporation (SEHK:1810), Midea Group Co., Ltd. (SZSE:000333), Haier Smart Home Co., Ltd. (SHSE:600690), and Alimama agreed to acquired 17% stake in Suning.com Co., Ltd. (SZSE:002024) from Suning Electrical Appliance Group Corporation, Suning Holdings Group Co., Ltd. and Zhang Jindong for ...

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  8. Oct 1, 2024 · Jiangsu Government backed consortium comprising of TCL Technology Group Corporation (SZSE:000100), Xiaomi Corporation (SEHK:1810), Midea Group Co., Ltd. (SZSE:000333), Haier Smart Home Co., Ltd. (SHSE:600690), and Alimama agreed to acquired 17% stake in Suning.com Co., Ltd. (SZSE:002024) from Suning Electrical Appliance Group Corporation, Suning Holdings Group Co., Ltd. and Zhang Jindong for ...

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