Country for PR: China
Contributor: PR Newswire Asia (China)
Wednesday, June 26 2019 - 23:31
AsiaNet
Suning.com Ranked 1st Place Among China's Most Valuable Brand in Retail Industry
NANJING, China, June 26, 2019 /PRNewswire-AsiaNet/ --

On June 26, World Brand Lab released its 16th "China's 500 Most Valuable 
Brands". Suning.com, the retail subsidiary of Suning Holdings Group ("Suning") 
was listed on the 13th place for the second consecutive years, and ranked No.1 
among retail industry, with a total brand value of 269.198 billion yuan 
(approximately 39.093 billion USD), increased by 17% compared to last year.  

photo caption : Suning.com Ranked 1st Place Among China's Most Valuable Brand 
in Retail Industry

Founded in 1990, Suning is one of the leading commercial enterprises in China. 
Evolving from its main business as retail, Suning has strengthened and expanded 
its core business through eight vertical industries: Suning.com, Logistics, 
Financial Services, Technology, Real Estate, Media & Entertainment, Sports, and 
Investment, among which Suning.com was listed on Global Fortune 500 in 2017 and 
2018. 

Suning.com started its internet transformation in 2009. In the past ten years, 
Suning has gone from "+ Internet" to "Internet +" to "Smart Retail", and has 
completed its own Internet transformation and created a set of retail 
innovation models that break through theoretical practice for the industry. 
Compared with 2009, the brand value of Suning.com increased by 6 times. 

In the past year, Suning.com announced operation revenue of RMB 244.96 billion 
(36.479 billion USD), up 30.35% year-on-year; sales volume of RMB 336 billion 
(50.16 billion USD), increased by 38.39%. 

By then end of March, 2019, the company owns 12,329 offline brick-and-mortar 
stores in mainland China, Hong Kong, Macao and Japan, covering diversified 
consumption scenarios including Suning Retail Cloud Franchise Stores, SuFresh 
(fresh food supermarkets) and Suning Xiaodian (provides neighborhood products 
and services) and Redbaby (maternal and child supplies stores).

In recent years, as the leading omni-channel smart retailer in China, 
Suning.com has been committed to building a full-scenarios retail ecosystem 
both online and offline and from cities to townships, to create diversified 
shopping experiences visible and ready to serve consumers anytime and anywhere. 
In February 2019, the company announced the acquisition of 37 Wanda department 
stores nationwide and In June, the company announced transaction with Carrefour 
China to acquire 80% of its equity stake, to further improve the full-scenarios 
ecosystem, expand all-categories merchandise retailing with reinforcing its 
market competitiveness of fast-moving consumer goods (FMCG) operations.

Since 2018, Suning.com has accelerated its global supply chain construction. 
During the first China International Import Expo in 2018, the company announced 
its "10 billion Euro procurement plan" to bring in quality goods and services 
from worldwide. In 2019, Suning signed strategic agreement with Italy Trade 
Agency to reinforce the commercial communication with Italian company to help 
"made in Italy" brands and products to enter Chinese market and serve Chinese 
customers. 

"Digitalization and innovation play vital roles in Suning's smart retail 
strategy. In the next years, relying on retail technology evolution, Suning 
will increase its service efficiency, promote the transformation of retail 
industry. Suning is willing to join hands with global retail brands to build 
and improve industry ecosystem worldwide," Zhang Jindong, chairman of Suning 
Holding Group, said. 

About Suning Holdings Group

Founded in 1990, Suning is one of the leading commercial enterprises in China 
with two public companies in China and Japan respectively. In 2017, Suning 
Holding ranked second among the top 500 private-owned enterprises in China with 
annual sales of 65.7 billion USD (412.95 billion RMB). With the mission of 
"Leading the Ecosystem across Industries by Creating Elite Quality of Life for 
All", Suning has strengthened and expanded its core business through eight 
vertical industries: Suning.com, Logistics, Financial Services, Technology, 
Real Estate, Media &Entertainment, Sports, and Investment, among which 
Suning.com was listed on the 2017 and 2018 list of Fortune Global 500.

For more information see www.suningholdings.com 

source: Suning Holdings Group

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