Business Intelligence on Retailing, Franchising, and Consumerism in China

Suning Ends Acquisition Of Dazhong

Suning Electronics says that it has decided to cease the acquisition of Dazhong because the two sides have failed to reach an agreement on some core issues.

Suning says that in consideration of the costs and risks involved, they can't reach an agreement with Dazhong on some core issues, which local analysts believe mainly refers to the RMB3 billion price offered by Suning.

Chinese media previously reported that Suning would acquire Dazhong for RMB3 billion, a move that is believed to reshuffle China's home appliance retail industry. Chinese analysts believe that the end of the acquisition may just mean a slowdown of Suning's expansion in the Beijing market and it won't affect the company's overall business in China.

By the end of September this year, Suning had 453 chain stores in 106 cities in China, with a total of 1.80 million square meters of business space.

Be the first to comment on "Suning Ends Acquisition Of Dazhong"

Leave a comment

Your email address will not be published.


  Other China News

AutoNavi, Delphi Reach Deal

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

Airbnb China Head Resigns

DMG To Buy China Rights Of Forbes Brand


Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco