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- “All shares of Suning Holdings Group held by chairman Zhang Jindong, his son Zhang Kangyang, and Nanjing Runxian have been pledged to Taobao, Alibaba’s ecommerce platform, according to the Chinese government’s credit information agency,” reported Pandaily.
www.techinasia.com/alibabas-taobao-acquire-chinese-retailer-sunings-founders-shares
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“All shares of Suning Holdings Group held by chairman Zhang Jindong, his son Zhang Kangyang, and Nanjing Runxian have been pledged to Taobao, Alibaba’s ecommerce platform, according to the...
Feb 23, 2024 · BEIJING (Reuters) -Alibaba's Taobao China Software will sell its 20% stake in Chinese retailer Suning.com to another Alibaba affiliate, Hangzhou Haoyue Enterprise Management for 2.8 billion...
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.
Dec 15, 2020 · All the shares of one of China’s largest retailers, Suning Holding Group, have been pledged to Alibaba’s Taobao to secure a loan. Those 100,000 shares are worth 1 billion yuan, and over half of them come from the group’s founder, Zhang Jindong.
Feb 23, 2024 · BEIJING (Reuters) – Taobao China Software will sell its 20% stake in Suning.Com to Hangzhou Haoyue Enterprise Management for 2.8 billion yuan ($389 million), Shenzhen-listed Suning.Com said in a filing on Friday.
Jul 6, 2021 · Chinese billionaire Zhang Jindong secured a $1.36 billion state-backed bailout for the troubled retail arm of his Suning empire, marking another step in Beijing’s efforts to clean up its...
Aug 10, 2015 · Alibaba is spending Rmb28.3bn ($4.6bn) on buying a 19.99 per cent stake in Suning, a transaction that is the ecommerce group’s biggest yet and makes it Suning’s second-biggest shareholder.
