Suning.com
Suning.com Co., Ltd. formerly Suning Commerce Group Co., Ltd. is one of the largest non-government retailers in China, headquartered in Nanjing, Jiangsu Province. Suning has more than 1600 stores covering over 700 cities of China and Japan and its e-commerce platform, Suning.com ranks among top three Chinese B2C companies. The operation categories include physical merchandise, such as home appliances, 3C products, books, general merchandise, household commodities, cosmetics and baby care products, content products and service merchandise with the total number of SKU exceeding 3 million. It was listed on the Shenzhen Stock Exchange in 2004.
Business areas
Suning Commerce Group Co., Ltd. principally operates franchised retail shops of electronics appliances in China. The Company mainly offers colour televisions, audio and video players, disc players, refrigerators, washing machines, digital and information technology products, small household electronics, air conditioners, telecommunications products and other products. The company also provides installation and repair services for electronic appliances. As of December 31, 2010, the company had 1,311 stores in 231 cities across China.History
On 26 December 1990, the predecessor of Suning was founded in Nanjing as an air-conditioner retail store. On 15 May 1996, 江苏苏宁交家电有限公司 was incorporated. In 2000 the company was renamed into 江苏苏宁交家电有限公司 and then Suning Appliance Chain Store Co., Ltd..In July 2004, Suning Appliance Chain Store was listed on SZSE. As at 31 December 2004, founder and chairman Zhang Jindong owned 35.12% stake, followed by Jiangsu Suning Appliance Co., Ltd., which was the parent company of Suning Appliance Chain Store Co., Ltd., for 18.29% stake. Chen Jinfeng owned 8.78% stake. Moreover, Liu Xiaomeng, Zhang Jindong, Sun Weimin and Chen Jinfeng owned 42%, 28%, 18% and 12% stake respectively in Jiangsu Suning Appliance, as at 2002.
Suning Appliance Chain Store was renamed into Suning Appliance Co., Ltd. in 2005.
In 2009 Suning Appliance purchased Hong Kong based retail chain Citicall, which became Hongkong Suning Commerce Co., Ltd., for HK$35 million and not more than HK$180 million for fixed assets.
2011-, Suning's been gradually exploring "online and offline" multi-channel integration.
On 19 February 2013, Suning Appliance announced to change the company name to Suning Commerce Group Co., Ltd.
On October 2015 PPTV was sold to chairman Zhang Jindong via a subsidiary of Suning Culture Investment Management for US$398.4102 million, making a profit of RMB 1.355 billion. In 2015 financial year the comprehensive income of Suning Commerce Group in consolidated basis was just 1.01168 billion RMB.
In April 2016 Suning Commerce acquired 4.90% stake in Nubia Technology from chairman Zhang Jindong for 283.7 million RMB, proportional to Zhang's subscription in the capital increase of Nubia in December 2015.
On 3 June 2016 Suning Commerce Group issued about 1.86 billion new shares to Taobao Software Co., Ltd., a subsidiary of Alibaba Group, for about 28 billion RMB. During the year the company sold some properties to Zhang, making extraordinary profit for the loss-making company.
In 2018, the listed company was renamed to Suning.com Co., Ltd.
In 2019, Suning.com acquired 80% stake of the Chinese division of Carrefour.
Sponsorship
In January 2016, one of the shareholders of Suning Commerce, Suning Appliance Group, completed the purchase of the Chinese football club Jiangsu F.C.. The Chinese name of the football club was then renamed as 江苏苏宁易购队 literally Jiangsu Suning.com team. According to Suning Commerce, the company sponsored the football club in 2016.On 6 June 2016 chairman Zhang Jindong, via his own private holding company Suning Holdings Group, signed a contract to purchase the majority stake in Italian football club Inter Milan. The deal was approved by the extraordinary general meeting on 28 June 2016, which after the deal, Suning Holdings Group owned 68.55% shares. Suning.com, the online shopping website of Suning Commerce, became a sponsor of the Italian club.
Acquisitions and partnerships
| Number | Acquisition date | Company | Business | Country | Price | Ref. |
| 1 | Laox | Duty-free shop | $121000000 | |||
| 2 | Citicall | Consumer Electronics | HK$215000000 | |||
| 3 | Redbaby | E-commerce | $66000000 | |||
| 4 | PPTV | Streaming Media | $250000000 | |||
| 5 | manzuo.com | E-commerce | $10000000 | |||
| 6 | Allyes | Marketing communications | $15000000 | |||
| 7 | Nubia | Mobile phones | RMB283700000 | |||
| 8 | China United Network Communications | Telecommunications |
Shareholders
| Rank | Name | Chinese name | Number of shares | Percentage | Footnotes |
| 1 | Zhang Jindong | 张近东 | 2,261,541,981 | 24.29% | Chairman of Suning Commerce; owned directly and via Suning Holdings Group |
| 2 | Suning Appliance Group | 苏宁电器集团 | 1,861,076,979 | 19.99% | owned directly and via private equity fund; Zhang partially owned the company |
| 3 | Taobao Software | 淘宝软件 | 1,861,076,927 | 19.99% | subsidiary of listed company Alibaba Group |
| Subtotal | 5,983,695,887 | 64.27% | |||
| 4 | Chen Jinfeng | 陈金凤 | 184,127,709 | 1.98% | former employee of Suning Commerce |
| 5 | Jin Ming | 金明 | 125,001,165 | 1.34% | director and president of Suning Commerce |
| 6 | Central Huijin | 中央汇金 | 73,231,900 | 0.79% | Sovereign wealth fund of China |
| 7 | Phase 2 of employee ownership scheme | 第二期员工持股计划 | 65,919,578 | 0.71% | |
| 8 | Phase 1 of employee ownership scheme | 第一期员工持股计划 | 61,056,374 | 0.66% | |
| 9 | Beijing Hony 2010 Equity Investment Centre | 北京弘毅贰零壹零股权投资中心 | 49,632,003 | 0.53% | a private equity fund of Hony Capital, incorporated as limited partnership |