Reading: Suning Holdings Group – Wikipedia
Those companies besides shared about the lapp name with baby company Suning Appliance Group ( taiwanese : 苏宁电器集团 ), which Zhang owned 48.10 % stake as the second largest stockholder. As at 31 December 2016 Suning Appliance Group was the second largest stockholder of Suning.com, after Zhang. [ 13 ] : 105 Suning Appliance Group was owned by ex-senior staff of Suning.com ( including Zhang himself ) as at 2002. [ 14 ] 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. [ 15 ] [ 16 ] In 2020 graded second in the circus tent 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. [ 17 ] [ 18 ] In February 28, 2021, according to the Reuters Suning sold 23 % stake to state-owned investors to improve equity structure, long-run scheme due to fiscal woes. [ 19 ]
Operations [edit ]
In June 2016, Suning Holdings signed a model agreement with the government of Shandong Province. [ 20 ]
Subsidiaries [edit ]
Suning Rundong [edit ]
Suning Holdings, via a auxiliary, Suning Rundong ( taiwanese : 苏宁润东股权投资管理有限公司 ; pinyin : Sūníng rùndōng gǔquán tóuzī guǎnlǐ yǒuxiàn gōngsī ), subscribed the capital increase of Nubia Technology, a subordinate of taiwanese technical school company ZTE for CN¥1.930 billion in December 2015. [ 21 ] After the softwood Suning Rundong owned 33.33 % bet on in Nubia. [ 21 ] [ 22 ] Nubia Technology sold mobile telephone branded “ Nubia ”. In 2016 Nubia became a patronize of Jiangsu Suning F.C., a sister company of Suning Rundong for a reported CN¥150 million. [ 23 ] In April 2016 Suning Rundong sold 4.90 % stake in Nubia to Suning Commerce Group ( Suning.com ) for CN¥283.7 million, proportional to the original subscribe price. [ 24 ] As of 2015, Suning Holdings owned 70 % stake in Suning Rundong, [ 21 ] Suning.com owned 10 % [ 25 ] and Chen Yan ( chinese : 陈艳 ) owned 20 % bet on. [ 1 ] The stake that held by Suning Holdings, was increased to 80 % in 2016, [ 4 ] acquiring an extra 10 % from Suning.com. [ 13 ] : 197 [ 26 ] According to China Daily, Suning Rundong was an investment fund with a size of RMB5 billion. [ 27 ]
Suning Culture Investment management [edit ]
Suning Culture Investment Management Co., Ltd. ( chinese : 苏宁文化投资管理有限公司 ) was another investment vehicle of the group. As of 2015, it was 90 % owned by Suning Holdings Group and 10 % owned by Chen Yan. [ 1 ] [ 4 ] [ 28 ] [ 29 ] Suning Culture Investment Management invested CN¥19.6 million for 10 % stake in China International Broadcasting Network ( CIBN ; incorporated as chinese : 国广东方网络（北京）有限公司 ; unhorse. ‘Global Broadcasting – Oriental Network ( Beijing ) Co ,. Ltd. ‘ ), an internet television channel. [ 28 ] On 31 October 2015 Suning Culture Investment acquired 68.08 % bet on in a television host and streaming web site : PPTV ( the rear company was incorporated as PPLive Corporation, the local unit was incorporated as Shanghai SynaCast Media Tech ) [ 30 ] [ 31 ] from Caymans -incorporated Great Universe Limited, an indirect wholly own subordinate of sister caller Suning.com for CN¥2.5879931 billion. [ 32 ] [ 33 ] PPTV secured the single China TV rights of La Liga for 5 seasons in mid-2015. [ 34 ]
Suning Jinkong [edit ]
Suning Jinkong ( chinese : 苏宁金控投资有限公司 ; unhorse. ‘Suning Financial Holding and Investment Co., Ltd. ‘ ) is an investment vehicle of the group in fiscal sector. As of 31 December 2016, it was 80 % owned by Suning Holdings and 20 % owned by Chen Yan. furthermore, all the paid-in contribution capital was contributed by Suning Holdings. [ 1 ] [ 35 ] Suning Jinkong purchased 35 % stake of Suning Jinfu ( taiwanese : 苏宁金融服务（上海）有限公司 ; unhorse. ‘Suning Financial Services ( Shanghai ) Co ,. Ltd. ‘ ), for CN¥5.834 billion in April 2016. [ 36 ] That company was a subsidiary company of Suning.com. The 35 % impale was late transferred to a secret fairness fund Nanjing Runyu ( chinese : 南京润煜企业管理咨询中心（有限合伙） ), which Suning.com claimed that, the investment company was still controlled by Suning Holdings. [ 13 ] : 100, 268 According to National Credit Information Publicity System, however, CITIC Trust was a unit holder of the secret equity store ; Suning Rundong was the general partner of the fund, which the fund incorporated as a limited partnership. [ 1 ] [ 37 ]
Suning Sports [edit ]
Jiangsu Suning Sports ( chinese : 江苏苏宁体育产业有限公司 ), is a articulation venture of Suning Holdings and Suning Appliance Group. [ 1 ] Suning Sports had a plowshare capital of CN¥1 billion. [ 1 ] [ 38 ] As of 31 December 2016, Suning Holdings owned 90 % stake. [ 4 ]
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Suning Sports became an angel investor of Champdas ( incorporated as taiwanese : 上海创冰信息科技有限公司 ; fall. ‘Shanghai Chuangbing Information Technology Co., Ltd. ‘ ), a company specialize in sports statistics in 2016. [ 1 ] [ 39 ] [ 40 ] [ 41 ] Suning Sports besides appointed football coach and former player Gong Lei as their sports conductor. [ 42 ] Jiangsu Suning Sports had a sister company Suning Sports International Limited, a company incorporated in Hong Kong, which was the subsidiary company of Suning Culture Investment Management rather, at the date of internalization on 26 May 2016. [ 43 ] however, it was known that Jiangsu Suning Sports had acquired Suning Sports International on 30 May 2016. In February 28, 2021, Suning Group immediately halt operations at their chinese football clubs – including champions Jiangsu FC – due to fiscal woes. [ 44 ]
Inter Milan [edit ]
On 6 June 2016 Suning Holdings, via Great Horizon S.à r.l., signed a contract to acquire a majority stake ( about 70 % shares ) in Inter Milan by the subscription of a capital increase and from the consortium of Erick Thohir ( International Sports Capital ) and the consortium of Massimo Moratti ( Internazionale Holding ). [ 10 ] [ 45 ] The deal was approved by the extraordinary general meeting on 28 June, which after the deal, Suning Holdings owned 68.55 % shares. [ 46 ] According to website Calcio e Finanza ( which purchased filings in Hong Kong Companies Registry and Luxembourg Business Registers ) and Il Sole 24 Ore columnist Carlo Festa, Great Horizon direct rear company was Suning Sports International Limited, in turn a subordinate of Suning Culture International Limited ( as of the date of incorporation of Suning Sports International on 26 May 2016 ), in turn a subsidiary company of Suning Culture Investment Management. [ 43 ] [ 47 ] According Suning Sports International ‘s 2017 Annual Return submission to the Hong Kong Companies Registry, Jiangsu Suning Sports had acquired the integral contribution capital of Suning Sports International from sister company Suning Culture International on 30 May 2016, few weeks before the coup d’etat of Inter Milan. however, Chen Yan remained as the sole director of Suning Sports International. [ 48 ]
In February 2021, according to the Financial Times Inter Milan is working with Goldman Sachs and rushing to raise at least $ 200m in emergency cash or sale the club, after the italian football golf club ’ south finances deteriorated due to the pandemic and heavy spend on crown players. [ 50 ] On May 2, 2021, four days before the goal of the Serie A championship, he won the nineteenth championship in the history of the cabaret, 11 years after the gloat of the season 009-2010. The Suning group, in the fifth class of management of the company, after the irregular place in domestic league of the season 2019-2020 and the frustration in the final of UEFA Europa League, is the first extraneous property to win the Scudetto in Italy and the first Chinese to win in Europe. [ 51 ] In mid-may 2021, Inter signed a 275 million euro ( $ 336 million ) deal with US based Oaktree Capital Management in the hope the softwood will help the team ’ second troubled finances that were damaged by the COVID-19 pandemic. [ 52 ] The store granted the loan to Great Horizon Sarl – the Luxembourg-based holdings company via which Suning controls Inter. [ 53 ] In the first five years of Suning management, the company value touches + 120 % ( second gear best performance in Europe ), [ 54 ] more than 500 million euros are spent on the market, 500 million fans are reached in worldwide and the highest growth in all of Europe of followers on sociable media ( + 232 % ) and new infrastructures are besides created such as the club house in the sports concentrate, the center for the young person sector and the new headquarters in Viale della Liberazione, Milan. [ 55 ]
charity [edit ]
Suning ‘s public wellbeing philosophy is “ Rooting Society and Growing Business ”. The Suning Social Worker Voluntary Action “ 1 + 1 cheerfulness walk ” invites Suning employees to take volunteer social province. At least one day per year is used for social unpaid work and at least one wage day is donated each year for public aid donations. In addition to donating to charity, Suning besides initiated the “ Suning Nesting Action ” to build school buildings in hapless areas ; the “ Suning Xiqiao visualize ” to help repair repairs in outback areas to solve travel difficulties and finance the “ Suning Sunny Dream ” rural education. additionally, Suning Appliance annually sponsors tree planting activities in assorted regions of China. [ 56 ] On December 26, 2013, following the custom of celebrating public benefit, Suning made charitable donations, including the contribution of 36,95 millions yuan. In August 2016, Suning, which recently became the majority stockholder of Inter, donated € 200,000 to help the people affected by the earthquake in Central Italy. [ 57 ] [ 58 ] In January 2020, with the spread of COVID-19 pandemic, Suning Holdings Group mobilized through the divisions of “ Suning International ” and “ Suning Logistics ”, supported relief efforts from the start of the hand brake, with detached shipping services and product donations imported from abroad to local hospitals and institutions. [ 59 ] President Zhang Kangyang, the Inter club and Suning have donated 300,000 Personal protective equipment and Surgical mask to Wuhan and to the Hubei hospital, to support the battle against the COVID-19 pandemic. [ 60 ] On February 25, 2021, Suning Group received the “ China Charity Awards ” for the sixth time, the highest recognition in this playing field, for continuing its efforts in the fight against poverty. Suning has donated more than RMB 2,3 billions for target poverty reduction and rural revival, with RMB 850 millions earmarked for particular initiatives. Suning has donated funds and equipment to 388 destitute counties in over 20 provinces, including Yunnan, Sichuan, Guizhou, Xinjiang and Shaanxi. The company has built 170 Suning bridges, 160 Suning Dream Center, 74 Suning school buildings, helping to solve the issues of basic education and house for more than 100,000 school-age children in the nation ’ s rural areas, [ 61 ] 20 roads and countless other public interest projects. In summation, its football charity program covers over 300 schools, while the Dream Caravan-Suning project to bring department of education to students across the nation has already reached 60 schools, starting dozens of educational courses. It has opened over 7,000 e-commerce stores and created channels to help farmers sell their products on digital pavilions. entire sales exceeded RMB 14 billions, destined for over 10,000 destitute villages and helping over 500,000 familys. The ship’s company besides launched 116 poverty reduction discipline centers in 111 hard-hit counties, employing more than 6,000 people. [ 62 ]
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Financial data [edit ]
| Year | 2010[63] | 2011[64] | 2012[64] | 2013[65][66] | 2014[67] | 2015[68] | 2016[69] | 2017[70] | 2018[71] | 2019[72] | 2020[17][73] |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 117.60 | 156.20 | 194.70 | 232.72 | 279.81 | 282.90 | 350.29 | 412.95 | 557.88 | 602.46 | 665.26 |
sister companies [edit ]
- Suning Real Estate, Zhang owned 65% stake
- Suning Appliance Group, Zhang owned 48.1% stake as the second largest shareholder
- Suning.com, Zhang owned 17.62% stake directly
See besides [edit ]
list of largest private non-governmental companies by tax income