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Retailer Suning.com reports strong operating revenue for 2019

March 17, 2020


Abstract : Chinese retail giant Suning.com reported strong sales volume and operating revenue in 2019.

NANJING, March 16 (Xinhua) -- Chinese retail giant Suning.com reported strong sales volume and operating revenue in 2019.

The company achieved a sales volume of over 379.67 billion yuan (about 54.24 billion U.S. dollars) last year, and operating revenue of over 270.31 billion yuan, and a net profit attributed to shareholders of the parent company of more than 11 billion yuan, according to its 2019 financial report.

Following the acquisition of the Wanda department store and Carrefour China last year, the company further expanded its reach and gradually built the most comprehensive business format in the retail industry in China.

Suning.com continues to enhance its ability to attract online customers. By 2019, it had 8,216 online stores of various types, with the number of registered members of the Suning.com retail platform increasing to 555 million.

Suning.com also continued to increase investment in logistics, technology and building of other core capacities to lay a solid foundation for growth over the next years.

In terms of logistics infrastructure, by the end of 2019, Suning Logistics has 25,881 delivery outlets and the total area of warehousing and related support facilities for Suning Logistics was 12.1 million square meters.

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Keyword: Suning

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