Suning Logistics is signing a strategic cooperation agreement with the world's largest direct sales company Amway.
With behemoths like Alibaba.com, JD.com, Suning.com, Amazon has lots of competition in China. But the company is still focused on recruiting more Chinese small businesses to boost its export goods services.
Suning Commerce Group recently published a report for its performance in the first half of 2016, stating that Suning's total operating revenue was CNY68.72 billion, a year-on-year increase of 9.03%.
Chinese electronics and home appliances retailer Suning and Chinese telecom device maker ZTE announced a strategic cooperation between the two parties.
Suning's controlling subsidiary Laox is accelerating the realization of its international strategy and the company opened eight new stores in September 2015, reaching a total of 30 stores in Japan.
China's Alibaba Group Holding Limited will invest approximately CNY28.3 billion for a 19.99% stake in Suning Commerce Group Limited.
Chinese electronics retailer Suning Commerce Group will soon build its second headquarters in Shanghai.
Suning Supermarket Company, a direct subsidiary under Suning Commerce Group, announced its entry into the online Chinese fresh food market.
Chinese home appliances and electronics retailer Gome announced that the company's first owned store will be launched in Mong Kok, Hong Kong in mid-October 2014.
Chinese smartphone maker Meizu and electronics and home appliances retailer Suning will form a strategic partnership to build 300 specialty stores and complete sales of CNY2 billion within 12 months.