Suning.com

Chinese retail company

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October 2023 Received a 5 billion yuan (US$685 million) financial lifeline from state-backed Citic Trust and China Huarong Asset Management.
2021 Achieved 328th position on the prestigious Fortune Global 500 list, recognizing the company's substantial growth and market presence.
July 2021 A significant shareholder restructuring deal was completed, with Zhang Jindong, Suning Holdings Group, and Suning Appliance Group retaining a 21.74% stake in Suning.com, while Alibaba's Taobao maintained a 19.99% stake as the second-largest shareholder.
July 29 2021 Huang Mingduan appointed as new Chairman of the board, replacing interim chairman Ren Jun.
June 2021 Suning.com opens an additional 831 cloud retail stores, expanding its total store count to over 9,000 across China and Japan.
June 12 2021 Zhang Jindong resigned as chairman, becoming honorary chairman, with Ren Jun temporarily performing chairman duties.
February 2021 Shenzhen International and Shenzhen Kunpeng Equity Investment Management invested 14.8 billion yuan for an 8% stake in Suning.com.
2020 The company experienced a financial downturn, with revenue dropping to 252,295,666,000 and reporting a significant net loss of -4,274,696,000. Total assets decreased to 212,075,200,000, and equity fell to 76,831,803,000.
2020 During the COVID-19 pandemic, Suning Logistics launched a 'contactless distribution service' using 5G driverless vehicles in collaboration with Suning Convenience Store, establishing an unmanned delivery team that guarantees instant delivery within a 3 km radius.
2020 Ranked 9th on the list of the 15 Fastest Growing Ecommerce Companies by international finance website 'Insider Monkey'.
August 2020 Suning established a long-term strategic partnership with Nio, a Chinese electric vehicle manufacturer, aimed at expanding collaboration in channels, sales, brand promotion, B2B cooperation, and technology development.
2019 Suning.com maintained its growth trajectory with revenue of 269,228,900,000 and net income of 9,842,955,000. Total assets increased to 236,855,045,000, though equity slightly decreased to 87,144,813,000.
2019 Acquired 80% stake of Carrefour's Chinese division and 37 department stores from Wanda Group. Ranked as largest omnichannel retailer in China with a brand value of US$39,093 billion.
2018 The company continued its strong financial growth, with revenue reaching 244,956,573,000 and net income dramatically increasing to 13,327,559,000. Assets expanded to 199,467,202,000, with equity at 88,210,799,000.
2018 Suning.com Auto Company opened 20 auto supermarkets across various Chinese cities, expanding into the automotive retail sector with both domestic and foreign brand offerings.
2018 Suning completed the actual verification of its 'Xinglong One' driverless truck, which uses advanced artificial intelligence technology with radar, high-precision maps, cameras, and sensors capable of identifying obstacles up to 300 meters away and driving safely at speeds up to 80 km per hour.
2018 Suning introduced autonomous delivery robots called 'BIU' that can independently plan routes, avoid obstacles, deliver daily essentials like drinks, fruit, and snacks from local stores to residents, and return to service.
January 2018 Byton, backed by Suning, unveiled its first concept car at the Consumer Electronics Show in Las Vegas.
2017 Suning.com significantly improved its financial performance, with revenue rising to 187,927,764,000 and net income substantially increasing to 4,212,516,000. Total assets reached 157,276,688,000 and equity grew to 83,627,655,000.
2017 Suning invested US$200 million in Chinese electric vehicle carmaker Byton, supporting the company's electric vehicle development efforts.
2017 Suning.com first appears on the Fortune Global 500 list, marking its recognition as a significant global retail company.
2016 Suning.com increased its annual revenue to 148,585,330,000, though net income decreased to 704,410,000. The company's assets grew to 137,167,250,000 and equity expanded to 65,709,670,000.
June 3 2016 Suning Commerce Group issued about 1.86 billion new shares to Taobao (China) Software Co., Ltd. (Alibaba Group subsidiary) for approximately 28 billion RMB.
2015 Suning.com reported annual revenue of 135,547,630,000 and net income of 872,500,000, with total assets of 88,075,660,000 and equity of 30,482,550,000.
2015 Suning and Taobao announced an alliance, forming a strategic partnership in the Chinese retail market.
November 19 2013 Inauguration of Suning US R&D Center and Silicon Valley Research Institute in Palo Alto, California, with Zhang Jindong officially launching the world's first research institute.
February 19 2013 Suning Appliance announced change of company name to Suning Commerce Group Co., Ltd.

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