Suning.com, a Chinese retail e-commerce platform, issued a statement on Wednesday saying that reports of "Suning's bankruptcy liquidation" were a rumor. The company is operating normally at present.
Chinese retail platform Suning.com officially launched its flash delivery service on Friday, entering the already crowded intra-city instant retail field.
The Top 250 global retailers generated an aggregated revenue of $5.11 trillion in the fiscal year of 2020 ending within the 12 months from July 1, 2020 to June 30, 2021, representing composite growth of 5.2%.
On Tuesday, Suning.com released its 2021 Rural Youth Consumption Photo Report. The report tracks keywords that are popular or trending among younger consumers in rural areas.
Suning.com issued a letter to all of its employees on Monday, saying that it will strive to attain a positive EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) in the month of November.
Suning.com has reported the incident to public security officials, and the rumormongers will be investigated for legal responsibility according to law.
On October 29, Suning.com released its performance report for the first three quarters of 2021, showing that the company's operating income in the third quarter was 21.968 billion yuan ($3.4 billion), down 64.82% year-on-year.
According to the Tianyancha app, Suning.com has undergone a series of industrial and commercial changes. For instance, its legal representative has been changed from Zhang Jindong to Ren Jun.
Chinese retail platform Suning.com on Thursday evening announced that Huang Mingduan will be its new Chairman and one of the non-independent directors. Xian Handi, Cao Qun and Zhang Kangyang will also be its non-independent directors.
On Monday, Suning.com announced a board meeting decision that Zhang Jindong has resigned his title as Chairman of Suning.com but will continue to serve as the Honorary Chairman of the board of directors. In the meantime, Ren Jun will perform the duties of chairman temporarily before a new appointment is made.
On Monday, Suning.com, the retail arm of Suning Group, announced that two state-backed investors took the lead to establish the second phase of Jiangsu Xinxin Retail Innovation Fund, which would acquire 16.96% equity of Suning.com at a price of 5.59 yuan per share, marking the latest move by China to rescue debt-ridden conglomerate.
Suning International, the international business arm of Chinese retail giant Suning Group, unveiled a new cross-border initiative that will see the company partner with foreign brands that are seeking entry into China.
Pandaily visited Suning’s headquarters in Nanjing to take a glimpse of the 30-year old Chinese conglomerate’s retail innovation journey.
Retail giant Suning.com announced on Sunday it has received 14.8 billion yuan ($2.3 billion) in investment from state-backed investors in exchange for a 23% stake in the company, leading to a change in management.
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.