Suning Archives - Inside Retail Asia
Suning.com boosts sales, outlines Carrefour plans
Chinese O2O retailer Suning.com says sales from its online platforms and physical stores rose by 24.27 per cent in the third quarter, reaching RMB 171.43 billion (US$24.4 billion).
Fung Group sells Guangzhou Circle K network
Fung Group has sold its Guangzhou Circle K-store network to Chinese retailer Suning for an undisclosed sum.
Suning income soars as O2O strategy pays off
Chinese O2O retailer Suning.com has achieved an operating income for the first half of the year of US$19.4 billion.
Suning to buy Carrefour China business
Suning is to buy an 80 per cent controlling stake in Carrefour China for €620 million (RMB 4.8 billion).
Japanese tax-free store operator Laox to expand in China
Japanese tax-free store operator Laox plans to raise US$94 million to expand its activities in China and boost its e-commerce footprint.
Eight bidders in running for Metro China
Yonghui Superstores – part owned by Dairy Farm Group – is among at least eight bidders for the Metro China business.
Bern’s Intersport partners with Suning to open stores in China
Bern retailer network Intersport has entered into a franchise agreement with major Chinese omnichannel retailer Suning.
Suning invests in Jack Ma-backed smart-retail fund Yunfeng
Chinese retailer Suning has invested US$129 million into Jack Ma-backed Yunfeng Capital’s third fund.
Suning.com’s first-quarter online sales, profit soar
Suning.com’s first-quarter online sales soared 40.87 per cent as the company’s smart-retail strategy continues to drive the rapid growth.
Four companies shortlisted in Metro China sale
The Metro China sale has progressed to the shortlisting of four companies invited to submit final bids.
China’s slowing economy suppresses Singles Day
China’s slowing economy was the primary reason for the slowing growth of sales on Alibaba’s Singles Day on Sunday.
Massive Suning profit increase reported
Chinese O2O retailer Suning has posted RMB172.97 billion (US$24.79 billion) in operating revenue in its third quarter performance report.
