Suning

The Upgrade from 'Smart Retailer' to 'Smart Retail Service Provider' Boosts Suning.com's 818 Shopping Festival Sales

Retrieved on: 
Thursday, August 20, 2020
Merchandising, Marketing, Suning.com, Suning, Retail, Shopping, Online shopping

At the 818 shopping festival Cloud Conference, Gu Wei, vice president of Suning.com announced that the next ten years will be defined as "a decade of scenario retail services".

Key Points: 
  • At the 818 shopping festival Cloud Conference, Gu Wei, vice president of Suning.com announced that the next ten years will be defined as "a decade of scenario retail services".
  • Suning.comwill upgradefrom "smart retailer" to "smart retail service provider".
  • In the previous 618 mid-year shopping festival, Suning's "J-10%" money-saving plan saw impressive growth, and for the 818 shopping festival this year, Suning has expanded the product range of the "J-10%" money-saving plan.
  • During the 818 shopping festival, online sales performance increased by 107% year-on-year.

The Upgrade from 'Smart Retailer' to 'Smart Retail Service Provider' Boosts Suning.com's 818 Shopping Festival Sales

Retrieved on: 
Thursday, August 20, 2020
Merchandising, Marketing, Suning.com, Suning, Retail, Shopping, Online shopping

At the 818 shopping festival Cloud Conference, Gu Wei, vice president of Suning.com announced that the next ten years will be defined as "a decade of scenario retail services".

Key Points: 
  • At the 818 shopping festival Cloud Conference, Gu Wei, vice president of Suning.com announced that the next ten years will be defined as "a decade of scenario retail services".
  • Suning.comwill upgradefrom "smart retailer" to "smart retail service provider".
  • In the previous 618 mid-year shopping festival, Suning's "J-10%" money-saving plan saw impressive growth, and for the 818 shopping festival this year, Suning has expanded the product range of the "J-10%" money-saving plan.
  • During the 818 shopping festival, online sales performance increased by 107% year-on-year.

Suning.com Listed On Fortune Global 500 List for Fourth Consecutive Year

Retrieved on: 
Thursday, August 13, 2020
Companies of China, Magazines, Companies, Suning, Nanjing, Fortune Global 500, Fortune, Zhang Kangyang

NANJING, China, Aug. 13, 2020 /PRNewswire/ --Suning.com (002024.SZ), China's leading O2O smart retailer owned by Suning Holdings Group, has been featured on the Fortune Global 500 list for the fourth consecutive year since 2017.

Key Points: 
  • NANJING, China, Aug. 13, 2020 /PRNewswire/ --Suning.com (002024.SZ), China's leading O2O smart retailer owned by Suning Holdings Group, has been featured on the Fortune Global 500 list for the fourth consecutive year since 2017.
  • Suning.com was listed with an annual operating revenue of USD $38.97 billion.
  • The Fortune Global 500 is an annual list compiled and published by Fortune magazine, which ranks the world's leading 500 companies by revenue.
  • Suning, which ranks third in the top 500 Chinese private enterprises, is dedicated to serving more than 600 million customers worldwide with over 280 thousand employees.

VisionNav Robotics Embraces RMB100.00 Million in B1 Round Financing

Retrieved on: 
Monday, June 22, 2020
Software, Technology, Hardware, Other Technology, Economy of China, Companies, JD.com, Cloud infrastructure, Digital technology, Lenovo, Cloud computing, Logistics, Suning

Recently, VisionNav Robotics has completed the B1 round financing with aggregate amount up to RMB100.00 million, which was led by Lenovo Capital and followed by Flyfot Ventures together with the old shareholder Eastern Bell Capital.

Key Points: 
  • Recently, VisionNav Robotics has completed the B1 round financing with aggregate amount up to RMB100.00 million, which was led by Lenovo Capital and followed by Flyfot Ventures together with the old shareholder Eastern Bell Capital.
  • 1 of JD.com and Cloud Warehouse of Suning Logistics provides a good case in point.
  • Such practice, however, takes tremendous cost at the early stage, and requires dramatic change in existing warehousing environment, indicating poor system flexibility.
  • Up to now, VisionNav Robotics has reached cooperation with over ten leading industry enterprises of Fortune Global 500, and deploy solutions in over 50 project sites.

Suning International and Italian Trade Agency Partnership Upgrade, Expanding the strategic Layout of Overseas Imports

Retrieved on: 
Friday, June 12, 2020
Companies of China, Companies, Suning.com, Economy of China, Suning, Suning Holdings Group

With that, Suning International aims to bringover 150 high-quality Italian brands to consumers in China to fully implementing the Suning-ITA Authentic Italian Promotion through close cooperation with Italian Trade Agency (ITA), which further increases the scale of Suning's Italian product procurement while expanding the strategic layout of overseas imports.

Key Points: 
  • With that, Suning International aims to bringover 150 high-quality Italian brands to consumers in China to fully implementing the Suning-ITA Authentic Italian Promotion through close cooperation with Italian Trade Agency (ITA), which further increases the scale of Suning's Italian product procurement while expanding the strategic layout of overseas imports.
  • Recently, Suning International launched the Authentic Italian Pavilion on the Suning owned e-commerce platform Suning.com.
  • The Authentic Italian Pavilion is a collaboration between Suning International and Italian Trade Agency (ITA) to create an online platform to promote Italian products for domestic consumption in China.
  • It allows more Chinese consumers to choose high-quality Italian goods selected by Suning International's overseas buyers without traveling aboard.

Suning International and Italian Trade Agency Partnership Upgrade, Expanding the strategic Layout of Overseas Imports

Retrieved on: 
Friday, June 12, 2020
Companies of China, Companies, Suning.com, Economy of China, Suning, Suning Holdings Group

With that, Suning International aims to bringover 150 high-quality Italian brands to consumers in China to fully implementing the Suning-ITA Authentic Italian Promotion through close cooperation with Italian Trade Agency (ITA), which further increases the scale of Suning's Italian product procurement while expanding the strategic layout of overseas imports.

Key Points: 
  • With that, Suning International aims to bringover 150 high-quality Italian brands to consumers in China to fully implementing the Suning-ITA Authentic Italian Promotion through close cooperation with Italian Trade Agency (ITA), which further increases the scale of Suning's Italian product procurement while expanding the strategic layout of overseas imports.
  • Recently, Suning International launched the Authentic Italian Pavilion on the Suning owned e-commerce platform Suning.com.
  • The Authentic Italian Pavilion is a collaboration between Suning International and Italian Trade Agency (ITA) to create an online platform to promote Italian products for domestic consumption in China.
  • It allows more Chinese consumers to choose high-quality Italian goods selected by Suning International's overseas buyers without traveling aboard.

Suning Launched Its First Smart Retail Experience Center, Aiming to Build the Landmark of Smart Lifestyle

Retrieved on: 
Thursday, April 30, 2020
Cities in China, Companies of China, Suning.com, Companies, Suning, Nanjing, Retail

NANJING, China, April 30, 2020 /PRNewswire/ -- On April 30th, Suning's first smart retail experience center opened at the commercial area of Suning.com Plaza in Nanjing.

Key Points: 
  • NANJING, China, April 30, 2020 /PRNewswire/ -- On April 30th, Suning's first smart retail experience center opened at the commercial area of Suning.com Plaza in Nanjing.
  • As an iterative upgrade of Suning.com flagship store, the new center aims to provide smart lifestyle experience for consumers, which is also a benchmark for Suning strategic retail development.
  • The comprehensive upgrade of Suning flagship store in Nanjing is the result of the integration of the digital economy and the "first-store economy", bringing consumers with a digital and modern shopping experience.
  • In addition, the new store is a beginning for Suning's smart and lifestyle strategy, leading the industrial digital and scenario transformation to expand its retail business.

Suning.com Released the 2020 Q1 Financial Result, GMV Achieved RMB 88.7 Billion

Retrieved on: 
Thursday, April 30, 2020
Companies of China, Companies, Economy of China, Suning.com, Suning, Renminbi, GMV

NANJING, China, April 20, 2020 /PRNewswire/ -- Suning.com (002024.SZ), China's leading O2O smart retailer, owned by Suning Holdings Group, released 2020 Q1 financial result.

Key Points: 
  • NANJING, China, April 20, 2020 /PRNewswire/ -- Suning.com (002024.SZ), China's leading O2O smart retailer, owned by Suning Holdings Group, released 2020 Q1 financial result.
  • According to the report, Suning.com achieved revenue of RMB 57.839 billion (US Dollars 8.172 billion) and GMV of RMB 88.672 billion.
  • Among which, GMV of online open platform reached to RMB 24.168 billion, increasing by 49.05% year-on-year.
  • The GMV of online business attained to RMB 61.04 billion, accounting for 68.85% of total business.

Suning.com Released the 2020 Q1 Financial Result, GMV Achieved RMB 88.7 Billion

Retrieved on: 
Thursday, April 30, 2020
Companies of China, Companies, Economy of China, Suning.com, Suning, Renminbi, GMV

NANJING, China, April 29, 2020 /PRNewswire/ -- Suning.com (002024.SZ), China's leading O2O smart retailer, owned by Suning Holdings Group, released 2020 Q1 financial result.

Key Points: 
  • NANJING, China, April 29, 2020 /PRNewswire/ -- Suning.com (002024.SZ), China's leading O2O smart retailer, owned by Suning Holdings Group, released 2020 Q1 financial result.
  • According to the report, Suning.com achieved revenue of RMB 57.839 billion (US Dollars 8.172 billion) and GMV of RMB 88.672 billion.
  • Among which, GMV of online open platform reached to RMB 24.168 billion, increasing by 49.05% year-on-year.
  • The GMV of online business attained to RMB 61.04 billion, accounting for 68.85% of total business.

Suning.com Released 2019 Financial Report with the Establishment of Full-Scenario Retail

Retrieved on: 
Friday, April 17, 2020
Companies of China, Companies, Retailers, Suning.com, Suning, Renminbi, Carrefour

NANJING, China, April 17, 2020 /PRNewswire/ -- On April 17, Suning.com (002024.SZ), China's leading O2O smart retailer, owned by Suning Holdings Group, released 2019 annual financial result.

Key Points: 
  • NANJING, China, April 17, 2020 /PRNewswire/ -- On April 17, Suning.com (002024.SZ), China's leading O2O smart retailer, owned by Suning Holdings Group, released 2019 annual financial result.
  • According to the report, the company achieved revenue of RMB 269.229 billion (US Dollars 38.06 billion) in 2019; the net income attributed to shareholders was RMB 9.843 billion and 2019 GMV reached to RMB 378.74 billion, increasing by 12.47% year-on-year.
  • In 2019, Suning.com acquired an 80% equity stake in Carrefour China, which meant the establishment of full-scenario strategic retail layout.
  • As of 2019, Suning.com operated 8,216 stores of various types, and the number of Retail Cloud franchises in lower-tier market reached to 4,586.