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Huawei Technologies Co Ltd is selling its budget brand smartphone unit Honor to a consortium of over 30 agents and dealers in a bid to keep it alive, the company and the consortium said on Tuesday. The deal comes after U.S. government sanctions have…
Chinese retail giant Suning has launched a smart-retail experience centre in Nanjing. The venue is the first of its kind for the brand, opening in Suning.com Plaza as an upgrade of the Suning.com flagship store and what it describes as a new benchmark for its…
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…
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…
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…
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…
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…
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…
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…
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.…
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…
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…
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…
China’s Suning Holdings will open an office in Milan within the next two months, to be followed by offices in the UK, France and Germany by the end of the year. In its latest sourcing plan, the firm has set aside RMB10 billion (US$1.5 billion) to source…
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…
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…
