xinhua silk road logo xinhua silk road logo
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

maritime silk road search
China Brands

E-commerce giant Suning.com net profits up 216 pct in 2018

February 28, 2019


Abstract : Chinese e-commerce giant Suning.com Thursday announced that the company registered a net profit increase of 216.2 percent in 2018 thanks to soaring online consumption.

SHENZHEN, Feb. 28 (Xinhua) -- Chinese e-commerce giant Suning.com Thursday announced that the company registered a net profit increase of 216.2 percent in 2018 thanks to soaring online consumption.

The net profits attributable to its shareholders totalled 13.3 billion yuan (about 2 billion U.S. dollars), the Nanjing-based company said in its preliminary financial results for 2018 filed to the Shenzhen Stock Exchange.

The company's revenues rose 30.5 percent to 245.3 billion yuan, it said.

Suning.com's boasted 407 million online users by the end of 2018. The company said its orders by mobile phone accounted for 94.9 percent of its total online orders.

In addition, the company has opened 8,881 stores by end of 2018 and aims to tap the markets in China's third- and fourth-tier cities as well as the neiborhood markets in 2019.

Shares of Suning.com rose 0.65 percent by 10:50 a.m. Thursday in Shenzhen.

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial