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Zhang Jindong

Zhang Jindong
Born 1963 (1963)
Anhui, China
Alma mater Nanjing Normal University
Occupation Entrepreneur, politician
Known for
Net worth Decrease US$3.8 billion (2016)
Board member of
Children Steven Zhang (Zhang Kangyang)
Member of the 10th National Committee of the CPPCC for All-China Youth Federation
In office
March 2003 – March 2008
Member of the 11th National Committee of the CPPCC for ACFIC
In office
March 2008 – March 2013
Member of the 12th National Committee of the CPPCC for ACFIC
Assumed office
March 2013
Member of the 11th Jiangsu People's Congress for Nanjing
In office
2008–2013
Personal details
Political party All-China Federation of Industry and Commerce
Zhang Jindong
Simplified Chinese 张近东
Traditional Chinese 張近東

Zhang Jindong (born 1963), is a Chinese entrepreneur. He is one the founder and current largest shareholder of the Suning Commerce Group, headquartered in Nanjing, Jiangsu Province. He also owned 100% stake in Suning Holdings Group, 65% stake in Suning Real Estate as well as 48.1% stake in Suning Appliance Group as the second largest shareholder.

He was also the managing director and general manager of Suning Holdings Group, chairman of Suning Commerce Group.

Zhang Jindong was born in Anhui Province in 1963. He graduated from the Nanjing Normal University and studied Chinese literature.

Zhang Jindong together with his old brother Zhang Guiping (Chinese: 张桂平) opened a shop on Ninghai Road (Chinese: 宁海路) corner Jiangsu Road in Nanjing, selling air conditioning and related products in 1990, The brand Suning came from choosing one word each from Jiang-su and Ning-hai; the roads theselves were named after the city and province of the same name. Later Zhang Guiping quit from this business but shifted into real estate, now known as Suning Universal. However, Zhang Jindong also started his own real estate company Suning Real Estate some time later.

Zhang Jindong further developed his small shop into a giant business group - the Suning Group, with only 15 years. He also found and co-found Suning Holdings Group and Suning Appliance Group as unlisted portion of the his business empire, leaving Suning Commerce Group as the only listing company. In 2013's Hurun Report's China Rich List, Zhang was ranked No.9 with $6.4 billion. Zhang Jindong was ranked 28th in 2015 Forbes's China Rich List.


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