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Alibaba
- Alibaba, which held 19.99 percent share of Suning.com previously, has become the largest shareholder following the transfer of shares.
global.chinadaily.com.cn/a/202107/14/WS60ee436ea310efa1bd661b95.htmlSuning founder steps down after stake sale - Chinadaily.com.cn
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After the deal in July 2021, Suning's honorary chair, Zhang Jindong, Suning Holdings Group and Suning Appliance Group would hold a 21.74% in Suning.com, while Alibaba's Taobao would remain the retailer's second-largest shareholder with a 19.99 percent stake.
Feb 25, 2021 · As of January, Suning.com’s billionaire founder Zhang was the largest shareholder with a 20.96% stake, followed by Alibaba-backed Taobao’s 19.99%, and Suning Appliance’s 19.88%. The company began in 2018 selling its shares in Alibaba, which had been acquired through a strategic alliance in 2015.
Mar 13, 2021 · Zhang Jindong, the billionaire founder of Electronics retailer Suning.com Co. Ltd. (002024.SZ), remains the company’s largest shareholder through an alliance after a state-led bailout, the struggling retailer said Friday.
As at 31 December 2016 Suning Appliance Group was the second largest shareholder of Suning.com, after Zhang. [12] : 105 Suning Appliance Group was owned by ex-senior staff of Suning.com (including Zhang himself) as at 2002. [13]
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- (80%)
- (90%)
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Jul 13, 2021 · Zhang lost control over Suning.com after transferring 16.96% stake in the Jiangsu-based companies to a fund created by the rescue consortium. A Suning source told Caixin that Alibaba, which previously held 19.99% of Suning.com through a subsidiary, became the largest shareholder following the bailout.
6 days ago · Alibaba, which held 19.99 percent share of Suning.com previously, has become the largest shareholder following the transfer of shares. No shareholder though will have a controlling stake.
Mar 22, 2021 · A state-led bailout injected 14.8 billion yuan ($2.3 billion) to Sunning.com Co. Ltd. (002024.SZ), making two Shenzhen government-owned investment entities the largest shareholders of the Shenzhen-listed company.
