Suning Commerce Group
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Formerly called
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|---|---|
| Public | |
| Traded as | : 002024 |
| Industry | Retail |
| Founded |
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| Founder | Zhang Jindong |
| Headquarters | Nanjing, Jiangsu, China |
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Area served
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China (including Hong Kong) and Japan |
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Key people
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Zhang Jindong (chairman) |
| Revenue |
 CN¥135,547,633,000 (2015) |
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CN¥1,011,680,000 (2015) |
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| Total assets |
CN¥88,075,672,000 (2015) |
| Total equity |
CN¥30,482,556,000 (2015) |
| Owner |
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| Divisions | Suning Commerce R&D Center USA |
| Subsidiaries |
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| Website |
Suning Commerce Group Suning E-commerce Site |
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Footnotes / references in consolidated basis |
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| Suning Commerce Group Co., Ltd. | |||||||||||
| Simplified Chinese | 苏宁云商集团股份有限公司 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 蘇寕雲商集團股份有限公司 | ||||||||||
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| Suning Commerce | |||||||||||
| Simplified Chinese | 苏宁云商 | ||||||||||
| Traditional Chinese | 蘇寕雲商 | ||||||||||
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| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Sūníng Yúnshāng Jítuán Gǔfènyǒuxiàngōngsī |
| Wade–Giles | |
| Jyutping | |
| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Sūníng Yúnshāng |
| Wade–Giles | |
| Jyutping | |
Suning Commerce Group is one of the largest non-government retailers in China, headquartered in Nanjing, Jiangsu. Suning has more than 1600 stores covering over 700 cities of Mainland China, Hong Kong and Japan 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 in 2004.
Suning Commerce Group Co., Ltd. principally operates franchised retail shops of electronics 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 December 31, 2010, the company had 1,311 stores in 231 cities across China.
1990.12.26, the predecessor of Suning was founded in Nanjing as an air-conditioner retail store . On 15 May 1996, 江苏苏宁交家电有限公司 was incorporated (literally Suning Domestic Appliance Co., Ltd.). In 2000 the company was renamed into 江苏苏宁交家电(集团)有限公司 (literally Suning Domestic Appliance (Group) Co., Ltd.) and then Suning Appliance Chain Store (Group) Co., Ltd. (Chinese: 苏宁电器连锁集团股份有限公司).
In July 2004, Suning Appliance Chain Store (Group) was listed on SZSE. 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. Chen Jinfeng (Chinese: 陈金凤) owned 8.78% stake. Moreover, Liu Xiaomeng, Zhang Jindong, Sun Weimin (CEO of Suning) and Chen Jinfeng owned 42%, 28%, 18% and 12% stake respectively in 江苏苏宁电器有限公司, as at 2002.
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