Suning Holdings Group
Suning Holdings Group Co., Ltd. (Chinese: 苏宁控股集团有限公司) is a Chinese privately held company. The company shared the same founder Zhang Jindong with the listed company Suning.com, but Suning Holdings was the unlisted portion of Zhang's unincorporated Suning Group. According to All-China Federation of Industry and Commerce, Suning Holdings Group was ranked as the second largest civilian-run enterprise in the Mainland China in 2018.
| Company type | Privately held limited company | ||||||||||||
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| Industry | Holding company | ||||||||||||
| Predecessor | Divisions of Suning Appliance | ||||||||||||
| Founded |
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| Founder | Zhang Jindong | ||||||||||||
| Headquarters | , China | ||||||||||||
Key people | Zhang Jindong (chairman) | ||||||||||||
| Revenue | CN¥665.259 billion (US$104.446 billion, 2020) | ||||||||||||
| Owner | Zhang Jindong (100%) | ||||||||||||
Number of employees | 300,000 (approx) (2019) | ||||||||||||
| Subsidiaries |
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| Chinese name | |||||||||||||
| Simplified Chinese | 苏宁控股集团有限公司 | ||||||||||||
| Traditional Chinese | 蘇寕控股集團有限公司 | ||||||||||||
| Hanyu Pinyin | Sūníng Kònggǔ Jítuán Yǒuxiàn Gōngsī | ||||||||||||
| Literal meaning | Suning Holdings Group Limited Company | ||||||||||||
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| short name | |||||||||||||
| Simplified Chinese | 苏宁控股 | ||||||||||||
| Traditional Chinese | 蘇寕控股 | ||||||||||||
| Hanyu Pinyin | Sūníng Kònggǔ | ||||||||||||
| Literal meaning | Suning Holdings | ||||||||||||
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| Website | suningholdings.com | ||||||||||||
| Footnotes / references in separate balance sheets (unaudited) | |||||||||||||
The holding company is also famous for the acquisition of Inter Milan.
Suning Holdings, as of 2016, owned an equity stake of 3.33% in Suning.com, formerly known as Suning Commerce Group (Chinese: 苏宁云商集团) and Suning Appliance (Chinese: 苏宁电器股份).
Those companies also shared almost the same name with sister company Suning Appliance Group (Chinese: 苏宁电器集团), which Zhang owned 48.10% stake as the second largest shareholder. As at 31 December 2016 Suning Appliance Group was the second largest shareholder of Suning.com, after Zhang.: 105 Suning Appliance Group was owned by ex-senior staff of Suning.com (including Zhang himself) as at 2002. Since circa 2015 to 10 April 2017, it was owned by Bu Yang (49.1%), Zhang (48.1%) and Sun Weimin (2.8%), the three senior official of Suning.com.
In 2020 ranked second in the top 500 non-state owned enterprises in China with annual revenues of RMB 665.259 billion and continued to top the list of Internet retailing category.
On February 28, 2021, according to the Reuters Suning.com sold 23% stake to state-owned investors to improve equity structure, long-term strategy due to financial woes.