Exotic antiques, animated furniture, a bed designed in a suitcase, you may find yourself in a life-sized comic book in Suning’s pop-up exhibition in Nanjing.
On Dec. 28, China’s commercial giant Suning Group and its subsidiary Suning International partnered with Hainan Tourism Investment Development Co. Ltd to expand its duty-free retail market.
All shares of Suning Holdings Group held by chairman Zhang Jindong, his son Zhang Kangyang and Nanjing Runxian have been pledged to Taobao, Alibaba’s e-commerce platform.
Suning-owned PP Sports has experienced a meteoric rise in traffic over the coronavirus period, during which the content on the platform is free of charge.
Suning Sports, the sports division of Suning Holdings Group, has laid off 20% of its employees and restarted negotiations with Alibaba to enter a joint venture.
