Chinese home appliances retailer Suning has published its financial report for the first half of 2009, stating that its net profit increased by 14.65% year-on-year to CNY1.262 billion. The company said its operation in the first half of 2009 was good and was not affected by the economic slowdown. Its revenue during the period was CNY27.333 [...]

Chinese electronics retailer Suning has signed a direct supply agreement with HP, making it the only direct supply channel provider for HP in China. Under the agreement, the two parties are expected to achieve annual sales of CNY1.5 billion in 2009 and total sales of over CNY5 billion over the next three years. Sun Weimin, the president [...]

According to the Chinese search engine company Baidu.com, it has signed a strategic cooperative agreement with the electronics retailer Suning to jointly explore China's home appliances B2C market. Under the agreement, Baidu.com will provide comprehensive search-oriented solutions to Suning in to support the latter's existing B2C businesses. In addition, as a result of Baidu.com's advantages in [...]

Chinese electronics retailer Suning has confirmed that the company will buy 66.67 million shares from the Japanese electronics retailer Laox at a price of JPY12 per share. This is the first time that a Chinese company will acquire a Japanese listed company and it is the first time for a Chinese home appliances chain to enter [...]

Chinese electronics retailer Suning has published a report, which states that it will issue up to 200 million new non-public shares at a price of at least CNY15 per share to raise CNY2.8 billion for eight new projects. Of the total, shares valued at CNY250 million to CNY350 million will be acquired by Zhang Jindong, chairman [...]

According to reports in local Japanese media, the Japanese electronics retailer Laox is in discussions with the Chinese home appliances retailer Suning and plans to sell parts of its stake to the latter. It is planned that Laox will issue shares valued at about JPY1.5 billion, which accounts for over 50% of the company's total equity. [...]

Chinese electronics retailer Suning has signed an agreement with three universities in Beijing to be their designated entrepreneurial base to help university students find jobs and to improve their employment status. The three universities involved are Beijing Forestry University, China University of Political Science and Law, and Beijing Normal University. Under the agreement, Suning will provide [...]

After rated among the world's top 250 retailers in 2008, Chinese retailers, including Gome, Bailian Group, Suning, and Dashang, were again entered on the list this year, with their average ratings up 71 places. Published by one of the world's largest accounting firms Deloitte and the authoritative U.S. retail magazine Stores, the list provided the 2009 [...]

Zhang Jindong, the chairman of Suning, has told local media that the company plans to open four to five retail stores in Hong Kong in the second half of 2009 and this is one year earlier than its previous plan. Zhang said Suning had completed the relevant formalities in Hong Kong and currently is implementing site [...]

Chinese electronics retailer Suning has published its annual financial report for 2008, which reports its net profits increased by 48.09% year-on-year. The report showed that Suning earned revenues of CNY49.897 billion in 2008, a year-on-year increase of 24.27%; its net profit was CNY2.17 billion, a year-on-year increase of 48.09%. Suning said that although it was affected by [...]