Suning.com

Suning.com Co., Ltd. ( ), 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. The operation categories include physical merchandise, such as home appliances, 3C products, books, general merchandise, household commodities, cosmetics and baby care products, content products and service merchandise with the total number of SKU exceeding 3 million. It was listed on the Shenzhen Stock Exchange in 2004. In 2021, Suning.com ranked 328th on the Fortune Global 500 list. Suning.com was ranked 9th on the list of the 15 Fastest Growing Ecommerce Companies in 2020 according to a report published by the international finance website "Insider Monkey", and ranked 2nd in "Total Online Retail Sales" in China.

Suning.com Co., Ltd. ( ), 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. The operation categories include physical merchandise, such as home appliances, 3C products, books, general merchandise, household commodities, cosmetics and baby care products, content products and service merchandise with the total number of SKU exceeding 3 million. It was listed on the Shenzhen Stock Exchange in 2004. In 2021, Suning.com ranked 328th on the Fortune Global 500 list. Suning.com was ranked 9th on the list of the 15 Fastest Growing Ecommerce Companies in 2020 according to a report published by the international finance website "Insider Monkey", and ranked 2nd in "Total Online Retail Sales" in China. ==Business areas== Suning Commerce Group Co., Ltd. principally operates franchised retail shops of electronic appliances in China. The Company mainly offers colour televisions (TVs), audio and video (AV) players, disc players, refrigerators, washing machines, digital and information technology (IT) products, small household electronics, air conditioners, telecommunications products and other products. The company also provides installation and repair services for electronic appliances. As of 31 December 2010, the company had 1,311 stores in 231 cities across China. As of 30 June 2020, after the acquisition of the Carrefour supermarket network in China, Suning.Com owned 2,756 stores of various types: Suning Plaza (shopping malls) - 37 3C specialty shop (household appliances) - 2,108 Suning.Com Stores - 197 Carrefour supermarket - 240 RedBaby brand stores (baby and maternity products) - 146 Shops in Hong Kong - 28 There were 5,660 Suning.Com franchise stores, for a total of 8682. In the first quarter of 2021, another 831 stores were opened in June bringing the total to over 9000 cloud retail stores. Suning.com is present in China (the mainland China and Hong Kong S.A.R.) and Japan, in the retail industry, with over 10,000 stores. The company has been on the Fortune Global 500 list since 2017. ==Sponsorship== In 2014 Suning.com sponsored the Spanish club FC Barcelona. In January 2016, one of the shareholders of Suning Commerce, Suning Appliance Group, completed the purchase of the Chinese football club Jiangsu F.C. The Chinese name of the football club was then renamed as literally Jiangsu Suning.com team. According to Suning Commerce, the company sponsored the football club in 2016. On 6 June 2016 chairman Zhang Jindong, via his own private holding company Suning Holdings Group, signed a contract to purchase the majority stake in Italian football club Inter Milan. The deal was approved by the extraordinary general meeting on 28 June 2016, which after the deal, Suning Holdings Group owned 68.55% shares. Suning.com, the online shopping website of Suning Commerce, became a sponsor of the Italian club. On 28 December 2016 the League of Legends e-sports team T.Bear Gaming, at the time competing in the LSPL (China's secondary league), was acquired by Suning.com and re-branded as Suning Gaming. Following the re-branding, the team qualified for the League of Legends Pro League by winning the 2017 LSPL spring finals. ==Acquisitions and partnerships== ==Shareholders== 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. The consortium would become the third largest shareholder with a 16.96-percent stake. ==Board of directors== Board of Directors in charge as of 2021: Xiao Ling Wang - Chairman-Supervisory board Mingduan Huang - Chairman Jun Ren - President & Director Jian Ying Li - Member-Supervisory board Zhi Song Hua - Member-Supervisory board Xian Ming Fang - Independent director Shi Ping Liu - Independent director Qun Cao - Non-independent director Kangyang Zhang - Director Handi Xian - Director ==Gallery== File:Suning usa.jpg|Suning US R&D Center and Silicon Valley Research Institute in Palo Alto File:Suning Square.jpg|The "Suning Square" shopping complex in Lianyungang File:CarrefourChinaShanghai.JPG|A Carrefour supermarket in Shanghai File:LaOX ASOBITCITY.JPG|A Laox center in Akihabara File:无锡苏宁广场20200912.jpg|The "Wuxi Suning Plaza Complex", located in the city of Wuxi. ==References== ==Further reading== Li, Woke. "Suning plans massive expansion." China Daily. 6 March 2012. "Suning sets up R&D shop in California." China Daily. 2 January 2014. Li, Woke. "Yum to open restaurants in Suning stores." China Daily. 10 May 2012. He, Wei. "Suning eyes new telecom market." China Daily. 22 October 2013. "Suning enters finance." China Radio International at China Daily. 19 December 2014. ==External links==

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