Yahoo Web Search

Search results

1. en.wikipedia.org › wiki › SuningSuning.com - Wikipedia

   en.wikipedia.org › wiki › Suning

   • Cached

   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. The Suning-Taobao alliance was announced in 2015.

2. www.techinasia.com › alibabas-taobao-acquireSuning’s founder pledges all his shares to Alibaba's Taobao

   www.techinasia.com › alibabas-taobao-acquire

   Dec 11, 2020 · The pledge amounts to a total of 100,000 shares that are worth 1 billion yuan (US$153 million). A large part of these shares – 51,000 – will come from the group’s founder Zhang Jindong. He ...

3. www.reuters.com › technology › taobao-china-softwareTaobao China Software to sell Suning.com stake to Alibaba ...

   www.reuters.com › technology › taobao-china-software

   Feb 23, 2024 · By Reuters. February 23, 20244:21 AM PSTUpdated 8 months ago. BEIJING, Feb 23 (Reuters) - Alibaba's (9988.HK) Taobao China Software will sell its 20% stake in Chinese retailer Suning.com to ...

4. www.ft.com › content › 6f1cf606-3f3d-11e5-9abe-5b335Alibaba and Suning in $6.9bn strategic partnership

   www.ft.com › content › 6f1cf606-3f3d-11e5-9abe-5b335

   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 ...

5. www.caixinglobal.com › 2021/07/13 › suningcomSuning.com Founder Zhang Jindong Resigns as Chairman

   www.caixinglobal.com › 2021/07/13 › suningcom

   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. www.yahoo.com › tech › taobao-china-software-sellTaobao China Software to sell Suning.com stake to Alibaba ...

   www.yahoo.com › tech › taobao-china-software-sell

   • Cached

   Feb 23, 2024 · The valuation of the Suning stake is far smaller than the $4.6 billion the Chinese e-commerce giant paid for it in 2015, representing a roughly 90% loss. ... -Alibaba's Taobao China Software will ...

7. People also ask

   Does TaoBao China software own Suning?

   • BEIJING, Feb 23 (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. Our Standards: The Thomson Reuters Trust Principles.

   Taobao China Software to sell Suning.Com stake to Alibaba affiliate

   www.reuters.com/technology/taobao-china-software-sell-suningcom-stake-alibaba-affiliate-2024-02-23/

   See all results for this question

   What happened to Suning and Alibaba?

   • In 2015, Suning invested US$2.1 billion to acquire 1.1% of Alibaba, while Alibaba invested US$4.6 billion in Suning for a 19.99% stake. Following this development, Suning's share price dropped to 8.03 yuan (US$1.2), the lowest since September 2014.

   Suning’s founder pledges all his shares to Alibaba's Taobao

   www.techinasia.com/alibabas-taobao-acquire-chinese-retailer-sunings-founders-shares

   See all results for this question

   Who owns Suning Holdings Group & Nanjing runxian?

   • According to the Chinese government’s credit information agency, the shares of Suning Holdings Group and Nanjing Runxian held by chairman Zhang Jindong and his son Zhang Kangyang have been pledged to Taobao, Alibaba’s ecommerce platform.

   Suning’s founder pledges all his shares to Alibaba's Taobao

   www.techinasia.com/alibabas-taobao-acquire-chinese-retailer-sunings-founders-shares

   See all results for this question

   Will Suning buy Alibaba shares?

   • Suning, which operates 1,600 outlets in 289 Chinese cities selling appliances, books and baby products, will spend up to Rmb14bn to buy newly issued Alibaba shares. After the investment, Suning will own about 1.1 per cent of Alibaba.

   Alibaba and Suning in $6.9bn strategic partnership - Financial Times

   www.ft.com/content/6f1cf606-3f3d-11e5-9abe-5b335da3a90e

   See all results for this question

   How much is Alibaba spending on Suning?

   • 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.

   Alibaba and Suning in $6.9bn strategic partnership - Financial Times

   www.ft.com/content/6f1cf606-3f3d-11e5-9abe-5b335da3a90e

   See all results for this question

   Who owns Suning Appliance?

   • As at 31 December 2004, founder and chairman Zhang Jindong owned 35.12% stake, followed by Jiangsu Suning Appliance Co., Ltd. (Chinese : 江苏苏宁电器有限公司), which was the parent company of Suning Appliance Chain Store (Group) Co., Ltd., for 18.29% stake. [ 14 ] Chen Jinfeng (Chinese : 陈金凤) owned 8.78% stake.

   Suning.com - Wikipedia

   en.wikipedia.org/wiki/Suning.com

   See all results for this question

8. www.businesstimes.com.sg › companies-marketsTaobao China Software to sell Suning.com stake to Alibaba ...

   www.businesstimes.com.sg › companies-markets

   • Cached

   Feb 23, 2024 · The valuation of the Suning stake is far smaller than the US$4.6 billion the Alibaba's Taobao paid for it in 2015, representing a roughly 90 per cent loss. PHOTO: REUTERS ALIBABA’S Taobao China Software will sell its 20 per cent stake in Chinese retailer Suning.com to another Alibaba affiliate, Hangzhou Haoyue Enterprise Management for 2.8 billion yuan (S$523 million), Suning.com said in a ...