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Tag: Suning

Retail Asia27/12/2019
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E-Tailing

Suning to open 10,000 new China stores next year

2min0
Chinese O2O retailer Suning plans to open 10,000 new stores next year, capitalizing on ‘consumption upgrade’ in China. Founder and chairman Zhang Jindong said the company will invest 40 billion RMB (US$5.7 billion) to support its expansion spree, estimated to create 8000 new jobs. According to the company, the increase in consumer spending with the […]
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Retail Asia13/11/2019
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E-Tailing

E-commerce platform Suning.com boosts sales

2min0
Chinese O2O retailer Suning.com says sales from its online platforms and physical stores rose by 24.27 percent in the third quarter, reaching RMB 171.43 billion (US$24.4 billion). The company closed the quarter with 470 million registered members and the number of active monthly users rose by 48 percent. Suning.com now hosts 8407 self-operated and franchised […]
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Retail Asia01/10/2019
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General

Suning.com to open 200 stores inside Carrefour China hypermarkets

1min0
Suning.com plans to open more than 200 stores inside Carrefour China hypermarkets later this month. The store rollout follows Suning.com’s acquisition of an 80-per-cent controlling interest in the Carrefour China business last June, a deal approved by Chinese regulatory authorities last month. Analysts say the store openings represent a strategic push by Suning.com to ramp up the […]
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Retail Asia23/07/2019
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E-Tailing

Suning.com ranked China’s most-valuable retail brand

2min0
Suning Holdings’ retail subsidiary Suning.com has been ranked China’s most valuable retail brand, finishing 13th on World Brand Lab’s 16th “China’s 500 Most Valuable Brands” list. This was the second consecutive year Suning finished in 13th place with its brand value totaling RMB269.198 billion (US$39.093 billion), an increase of 17 percent compared to last year. […]
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Retail Asia02/07/2019
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Electronics

Suning presents it’s Technology at CES Asia

2min0
Chinese retailer Suning will present its latest smart technologies at this year’s CES Asia. Suning will be demonstrating its smart home appliances based on its proprietary Biu OS system, which aims to create an open platform for sharing resources across the smart home appliance industry. Products include Biu refrigerators, air conditioners, washing machines, automatic washing […]
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Retail Asia20/05/2019
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E-Tailing

Suning.com’s Online Sales Soars

2min0
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. Operating income of RMB 62.2 billion (US$9.2 billion), represented a 25.44 per cent increase on the same period last year. First-quarter net profit was RMB 136 million. In a statement, Suning.com said during the first quarter […]
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Retail Asia18/02/2019
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General

Suning develops omnichannel smart retail through Wanda department stores

3min0
Suning.com, the Fortune Global 500 retailer owned by Suning Holdings Group, one of the largest commercial enterprises in China, recently announced the establishment of its Department Store Group. It will focus on professional operations of fashion department store business to strengthen its full-scenarios development in online-and-offline smart retail and improve the shoppers’ experience. The Company […]
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Retail Asia06/11/2018
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E-Tailing

High Suning profit increase reported

1min0
Chinese O2O retailer Suning has posted RMB172.97 billion (US$24.79 billion) in operating revenue in its third quarter performance report. The result shows a 31.15 per cent year-on-year increase on the reported figure during the first three quarters this year. The company also generated a net profit of RMB6.127 billion ($878 million), an increase of 812.11 […]
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Retail Asia05/11/2018
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E-Tailing

Singles Day 2018 faces delivery challenges

7min0
Alibaba and its partner retailers will face a massive challenge ensuring flawless delivery of millions of parcels all over China and beyond given the expectations of further growth on Singles Day 2018 next week. “As the event grows, the logistics challenge becomes bigger and bigger,” observes retail analyst Pascal Martin, partner at OC&C Strategy Consultants. […]
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Retail Asia13/07/2018
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E-Tailing

Suning, SAP partner over smart retail

1min
Chinese e-commerce giant Suning has signed a memorandum of strategic cooperation with German software company SAP to conduct technology cooperation in retail, logistics and sports sectors. The two parties will conduct joint research in artificial intelligence, Internet of Things, big data, cloud computing and other frontier technologies to promote the development of the digital economy, […]
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Retail Asia28/06/2018
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Electronics

Suning.com Listed on China’s 500 Most Valuable Brands with a Brand Value of 23 Billion RMB

4min
Suning.com, a Fortune Global 500 company owned by Suning Holdings Group (“Suning”) was listed on the 15th China’s 500 Most Valuable Brands, with a brand value of 23 Billion RMB, ranked No.13 on the list and No.1 among the retail industry. The list of China’s 500 Most Valuable Brands is released by World Brand Lab, the leading independent consultancy of brand valuation […]
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Retail Asia01/02/2018
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Real Estate

China’s e-commerce giants to buy Dalian Wanda malls

4min0
Three Chinese e-commerce giants led by Tencent are buying into shopping centres as part of an alliance that will help fund property magnate Wang Jianlin’s HK$30 billion (US$3.8 billion) plan to take his Dalian Wanda Group private. Jianlin describes it as the world’s biggest single alliance between the new economy and bricks-and-mortar businesses as he […]
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Retail Asia10/01/2018
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Electronics

Suning Unmanned ‘Biu’ Store goes International

3min0
Suning Commerce Group, one of China’s largest non-government retailers, is showcasing its unmanned, automated Biu store at CES 2018 in Las Vegas this week. Running until Friday, CES is the global stage for new innovative consumer electronics. Suning’s promotion of its Smart Retail program comes as the company prepares to launch its developments internationally, “Suning’s […]
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Retail Asia21/11/2017
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E-Tailing

Alibaba, Auchan, Sun Art partnership goal in China market

5min0
A new Alibaba, Auchan, Sun Art partnership will further strengthen Alibaba’s efforts to integrate online and offline, say analysts. China’s Alibaba Group Holding, France’s Auchan Retail and Taiwan’s Ruentex Group have formed a strategic alliance to bring together their online and offline expertise to explore opportunities in China’s food-retail sector. As part of the deal, Alibaba […]
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Retail Asia15/11/2017
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Electronics

No-more-cashier at new Suning store

2min0
A Suning store in Shanghai introduces an intelligent self-service checkout using facial-recognition technology for payments. Suning Biu is reportedly the retail giant’s second such store in China, reports China.org. Covering about 100sqm, the new Suning store is larger with more varied product categories than the company’s first unmanned shop in Nanjing, where Suning has its […]
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Retail Asia11/11/2017
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E-Tailing

Suning Holdings next move is smart retailing

2min0
China’s commercial conglomerate Suning Holdings Group is partnering with Hon Hai Technology Group in an “extensive retail co-operation” worth at least RMB50 billion (US$8 billion). Suning has also signed an RMB20 billion investment agreement with Evergrande Real Estate Group. Both moves are aimed at online/offline integration and expanding Suning’s smart-retail strategy. The property developer will […]
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Retail Asia27/02/2017
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E-Tailing

Alibaba innovation will transform Shanghai Bailian

4min0
Alibaba Group’s collaboration with Shanghai Bailian Group, one of China’s biggest general store and retail chains, is driven by Jack Ma’s push to use innovation to shake up outdated retail. “Alibaba wants to help update some of Bailian’s 4700 stores the nation over, coordinating everything from client relations to installment and coordinations in a way […]
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