Suning Holdings Group
| Privately held limited company | |
| Industry | Holding company |
| Predecessor | Divisions of Suning Group |
| Founded |
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| Founder | Zhang Jindong |
| Headquarters | Unit C, 14th floor, 7 Shanxi Road, Nanjing, China |
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Key people
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Zhang Jindong (Chairman) |
| Profit | minus CN¥88 million (Q1–3 2015) |
| Total assets | CN¥4.062 billion (Q1–3 2015) |
| Total equity | minus CN¥226 million (Q1–3 2015) |
| Owner | Zhang Jindong (100%) |
| Subsidiaries |
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Footnotes / references in separate balance sheets (unaudited) |
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| Suning Holdings Group Co., Ltd. | |||||||
| Simplified Chinese | 苏宁控股集团有限公司 | ||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 蘇寕控股集團股份有限公司 | ||||||
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| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Sūníng Kònggǔ Jítuán Gǔfènyǒuxiàngōngsī |
Suning Holdings Group Co., Ltd. (Chinese: 苏宁控股集团有限公司) is a Chinese holding company which owned an equity stake of 3.33% in Suning Commerce Group (Chinese: 苏宁云商; ex-苏宁电器股份). As at the first quarter 2016, Zhang owned 100% stake in Suning Holdings. Suning Holdings had a share capital of CN¥1 billion as at 20 June 2016, increased from CN¥50 million.
The holding company is also famous for the acquisition of Inter Milan.
The company also shared almost the same name with sister company Suning Appliance Group (Chinese: 苏宁电器集团有限公司), which Zhang owned 48.10% stake as the second largest shareholder. Suning Appliance Group was the second largest shareholder of the Suning Commerce Group, after Zhang, until June 2016. It was owned by ex-senior staff of Suning Commerce Group as at 2002. Since circa 2015, it was owned by Bu Yang (49.1%), Zhang (48.1%) and Sun Weimin (2.8%), the three senior official of Suning Commerce Group.
In June 2016 Suning Holdings signed a framework agreement with the government of Shandong Province.
Suning Holdings, via a subsidiary, Suning Rundong (pinyin: Sūníng rùndōng gǔquán tóuzī guǎnlǐ yǒuxiàn gōngsī), subscribed the capital increase of Nubia Technology, a subsidiary of ZTE for CN¥1.930 billion in December 2015. After the deal Suning Rundong owned 33.33% stake in Nubia. Nubia Technology sold mobile phone branded "Nubia".
In 2016 Nubia became a sponsor of Jiangsu Suning F.C., a sister company of Suning Rundong for a reported CN¥150 million.
In April 2016 Suning Rundong sold 4.90% stake in Nubia to Suning Commerce for CN¥283.7 million.
Suning Holdings owned 70% stake in Suning Rundong, Suning Commerce owned 10% and Chen Yan (Chinese: 陈艳) owned 20% stake.
Suning Culture Investment Management (Chinese: 苏宁文化投资管理有限公司) is 90% owned by Suning Holdings Group and 10% owned by Chen Yan.
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