Suning.com

"Suning Appliance" redirects here. For other companies, see Suning.
Not to be confused with Suning Appliance Group.

Suning.com Co., Ltd.
Formerly
  • Suning Domestic Appliance
  • Suning Domestic Appliance (Group)
  • Suning Appliance Chain Store (Group)
  • Suning Appliance
  • Suning Commerce Group
Company typePublic
SZSE: 002024
IndustryRetail
Founded
  • 1990 (predecessor)
  • 15 May 1996 (1996-05-15) (date of incorporation of Suning Domestic Appliance)
FounderZhang Jindong
HeadquartersNanjing,
China
Area served
China (including Hong Kong) and Japan
Key people
  • Huang Mingduan
    (chairman)
  • Jun Ren
    (president and director)
  • Wei Huang
    (secretary of president)
RevenueDecrease CN¥252.296 billion[1]
(US$39.610 billion, 2020)
Decrease CN¥−5.015 billion[1]
(US$787 million, 2020)
Decrease CN¥−4.275 billion[1]
(US$671 million, 2020)
Total assetsDecrease CN¥212.075 billion[1]
(US$33.295 billion, 2020)
Total equityDecrease CN¥76.831 billion[1]
(US$12.062 billion, 2020)
Owner
Alibaba Group(19.99%)
Zhang Jindong(17.62%)
New Retail Innovation Fund(16.96%)
Suning Holdings Group(2.73%)
Suning Appliance Group(1.39%)
Other shareholders(41.31%)
Number of employees
69,398[2] (2 August 2021)
DivisionsSuning Commerce R&D Center USA
Subsidiaries
Laox(41.85%)
Suning.com(100%)
Suning Hong Kong(100%)
Tiantian Express
PPTV(44%)
Yunwang Wandian(70%)
Carrefour China(80%)
TCL Technology(25%)
Chinese name
Simplified Chinese苏宁易购集团股份有限公司
Transcriptions
Chinese short name
Simplified Chinese苏宁易购
Transcriptions
Standard Mandarin
Hanyu PinyinSūníng Yúnshāng
former Chinese name
Simplified Chinese苏宁云商集团股份有限公司
Traditional Chinese蘇寕雲商集團股份有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinSūníng Yúnshāng Jítuán Gǔfènyǒuxiàngōngsī
former Chinese short name
Simplified Chinese苏宁云商
Traditional Chinese蘇寕雲商
Literal meaningSuning Cloud Commerce
Transcriptions
Websitesuning.cn
Footnotes / references
in consolidated financial statement[3]

Suning.com Co., Ltd. (/ˈsunɪŋ/ SOO-ning), formerly Suning Commerce Group Co., Ltd., is one of the largest non-government retailers in China, headquartered in Nanjing, Jiangsu. Suning has more than 10,000 stores nationwide and its e-commerce platform,[4] Suning.com ranks among top three Chinese B2C companies.[5] 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.[6][7] In 2021, Suning.com ranked 328th on the Fortune Global 500 list.[2]

Suning.com was ranked 9th on the list of the 15 Fastest Growing Ecommerce Companies in 2020 according to a report published by the international finance website "Insider Monkey",[8] and ranked 2nd in "Total Online Retail Sales" in China.[9]

  1. ^ a b c d e "Suning.com financials". finance.yahoo.com. Retrieved 31 May 2021.
  2. ^ a b "Suning.com Global 500". fortune.com. Retrieved 2 August 2021.
  3. ^ "2016 Annual Report" (PDF). Suning Commerce Group (in Chinese). Shenzhen Stock Exchange. 31 March 2017. Retrieved 18 April 2017.
  4. ^ "Zhang Jindong Founder&Chairman's remarks". suningholdings.com.
  5. ^ "Suning's rural retailer Retail Cloud opens 9,000th store in China's Chongqing". retailtechinnovationhub.com. 19 May 2021. Retrieved 2 June 2021.
  6. ^ Suning Appliance Co., Ltd.
  7. ^ Profile of Suning Appliance Archived 2008-10-09 at the Wayback Machine
  8. ^ Trish Novicio (24 March 2021). "15 Fastest Growing E-Commerce Companies in 2020". finance.yahoo.com. Retrieved 1 June 2021.
  9. ^ "Statistics: Top 12 Companies by Total Online Retail Sales". chinainternetwatch.com. 25 May 2021. Retrieved 26 June 2021.