|Traded as||SZSE: 002024|
|China (including Hong Kong) and Japan|
|Zhang Jindong (Chairman)|
|Revenue||CN¥148.585 billion (2016)|
|CNY2 billion (2016)|
|CNY704 million (2016)|
|CN¥137.167 billion (2016)|
|CN¥65.710 billion (2016)|
|Divisions||Suning Commerce R&D Center USA|
|Chinese short name|
|former Chinese name|
|former Chinese short name|
|Literal meaning||Suning Cloud Commerce|
|Footnotes / references|
in consolidated financial statement
Suning.com Co., Ltd. formerly Suning Commerce Group Co., Ltd. is one of the largest non-government retailers in China, headquartered in Nanjing, Jiangsu Province. Suning has more than 1600 stores covering over 700 cities of China (the mainland China and Hong Kong S.A.R.) 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 Shenzhen Stock Exchange 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.
On 26 December 1990, the predecessor of Suning was founded in Nanjing as an air-conditioner retail store. On 15 May 1996, (literally Suning Domestic Appliance Co., Ltd.) was incorporated. In 2000 the company was renamed into ?()? (literally Suning Domestic Appliance (Group) Co., Ltd.) and then Suning Appliance Chain Store (Group) Co., Ltd. (Chinese: ).
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: ?), which was the parent company of Suning Appliance Chain Store (Group) Co., Ltd., for 18.29% stake. Chen Jinfeng (Chinese: ) 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 Jiangsu Suning Appliance, as at 2002.
Suning Appliance Chain Store (Group) was renamed into Suning Appliance Co., Ltd. (Chinese: ?; literally: 'Suning Appliance, Company Limited by Share') in 2005.
In 2009 Suning Appliance purchased Hong Kong based retail chain Citicall (as Citicall Retail Management), which became Hongkong Suning Commerce Co., Ltd., for HK$35 million and not more than HK$180 million for fixed assets.
2011-, Suning's been gradually exploring "online and offline" multi-channel integration.
On 19 February 2013, Suning Appliance announced to change the company name to Suning Commerce Group Co., Ltd. (Chinese: )
On October 2015 PPTV was sold to chairman Zhang Jindong via a subsidiary of Suning Culture Investment Management for US$398.4102 million, making a profit of RMB 1.355 billion. In 2015 financial year the comprehensive income of Suning Commerce Group in consolidated basis was just 1.01168 billion RMB.
In April 2016 Suning Commerce acquired 4.90% stake in Nubia Technology from chairman Zhang Jindong for 283.7 million RMB, proportional to Zhang's subscription in the capital increase of Nubia in December 2015.
On 3 June 2016 Suning Commerce Group issued about 1.86 billion new shares to Taobao (China) Software Co., Ltd., a subsidiary of Alibaba Group, for about 28 billion RMB. During the year the company sold some properties to Zhang, making extraordinary profit for the loss-making company.
In 2018, the listed company was renamed to Suning.com Co., Ltd. (Chinese: )
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 CN¥123 million in 2016.:276
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.
|1||June 2009||Laox||Duty-free shop||Japan||$121,000,000|||
|2||December 2009||Citicall||Consumer Electronics||Hong Kong||HK$215,000,000|||
|4||October 2013||PPTV||Streaming Media||China||$250,000,000|||
|6||December 2014||Allyes||Marketing communications||China||$15,000,000|||
|7||April 2016||Nubia||Mobile phones||China||RMB283,700,000|
|8||August 2017||China United Network Communications||Telecommunications||China|
|Rank||Name||Chinese name||Number of shares||Percentage||Footnotes|
|1||Zhang Jindong||2,261,541,981||24.29%||Chairman of Suning Commerce; owned directly and via Suning Holdings Group|
|2||Suning Appliance Group||1,861,076,979||19.99%||owned directly and via private equity fund; Zhang partially owned the company|
|3||Taobao (China) Software||()||1,861,076,927||19.99%||subsidiary of listed company Alibaba Group|
|4||Chen Jinfeng||184,127,709||1.98%||former employee of Suning Commerce|
|5||Jin Ming||125,001,165||1.34%||director and president of Suning Commerce|
|6||Central Huijin||?||73,231,900||0.79%||Sovereign wealth fund of China|
|7||Phase 2 of employee ownership scheme||65,919,578||0.71%|
|8||Phase 1 of employee ownership scheme||61,056,374||0.66%|
|9||Beijing Hony 2010 Equity Investment Centre||49,632,003||0.53%||a private equity fund of Hony Capital, incorporated as limited partnership|