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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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Two branches of the Jiangsu Province-based government agency that oversees major state-owned businesses agreed to set up a 20 billion yuan (US$3.1 billion) fund with Suning.com's parent company Suning Holdings Group.
Feb 25, 2021 · Chinese household appliance online seller Suning.com said on Sunday that it sold a 23% stake to state-owned investors in a deal worth RMB 14.82 billion ($2.28 billion). Why it matters: The sale comes as Suning.com and its parent company Suning Appliance Group scramble to pull together cash to repay debts.
Jul 13, 2021 · Zhang Jindong, the billionaire founder of Chinese retailing conglomerate Suning Holdings, stepped down as chairman of the e-commerce arm Suning.com Co. Ltd. (002024.SZ) in a major leadership shuffle after the debt-ridden conglomerate got a $1.36 billion bailout from state investors and Alibaba Group. Zhang, 58, will become honorary chairman and ...
6 days ago · Suning.com's billionaire founder Zhang Jindong has resigned as chairman during a leadership shuffle which put an end to his reign of the debt-ridden e-commerce retailing conglomerate, as its new and more diversified shareholder structure is expected to embark on a brighter future for the company.
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.
Mar 1, 2021 · Electronics retailer Suning.com announced a $2.3 billion share sale that will hand over nearly a quarter of the company to state-controlled entities, amounting to a state-led bailout for a former retail pioneer that has fallen on hard times.
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