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Suning Holdings Group Co., Ltd. ( Chinese: 苏宁控股集团有限公司) is a Chinese privately held company. The company shared the same founder Zhang Jindong with the listed company Suning.com, but Suning Holdings was the unlisted portion of Zhang's unincorporated Suning Group.
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Founded in 1990, Suning Holdings Group is one of the leading commercial enterprises in China, with two public companies in China and Japan. In 2017, the company was ranked second in the top 500 privately-owned enterprises in China, with annual revenue of 81.3 billion USD (557.9 billion RMB).
- Nanjing, Jiangsu
- Chairman
Suning.com Co., Ltd. (/ ˈ s u n ɪ ŋ / SOO-ning), formerly Suning Commerce Group Co., Ltd., is one of the largest non-government retailers in China, headquartered in Nanjing, Jiangsu. Suning has more than 10,000 stores nationwide and its e-commerce platform, Suning.com ranks among top three Chinese B2C companies.
He is one of the founders and the current honorary chairman of the Suning.com, headquartered in Nanjing, Jiangsu. He also owned 100% stake in Suning Holdings Group, 65% stake in Suning Real Estate as well as 48.1% stake in Suning Appliance Group as the second largest shareholder.
Mar 7, 2021 · Since 2012, Suning has been faced with challenges from offline channels such as dealers and stores built by brand owners. Suning's e-commerce strategy failed to reverse this problem and increased the sales expense ratio for a period of time, leading to the expansion of Suning's main business losses.
Jan 9, 2024 · Zhang, who is honorary chairman of Suning Holdings Group, resigned as Suning’s chairman in 2021. In the July of that year, he transferred his controlling stake to industrial capital with a state-owned background in Jiangsu province to solve Suning's funding crisis.
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Company profile page for Suning Holdings Group Co Ltd including stock price, company news, executives, board members, and contact information.
