Suning Holdings Group ("Suning"), one of the leading commercial enterprises in 
China, has ranked second on the All-China Federation of Industry and Commerce 
(ACFIC) annual list of the nation's Top 500 non-state owned enterprises. Suning 
achieved a revenue of RMB 665.259 billion (USD 97 billion) and continued to top 
the list of Internet retailing category. This is the 11th consecutive year that 
Suning has appeared on the ACFIC's list. In August, Suning.com, one of its main 
subsidiaries, was featured in the Fortune Global 500 List for the fourth year 
running.

A leader in China's private services sector: "service is our only product"

Founded in 1990, Suning celebrates its 30th anniversary this year. Suning 
announced earlier that Suning.com will upgrade from "smart retailer" to "smart 
retail service provider" and transform the brand vision to focus on providing 
exceptional service. 

This service-provider model has allowed Suning.com to weather the challenges of 
the COVID-19 pandemic. Suning.com shared its smart retail solution: a 
full-scenario integrated sales model established with Carrefour during the 
pandemic, which combines IoT, big data, artificial intelligence and other 
cutting-edge technologies. With rapid one-hour delivery within a fixed radius, 
improved at-home offering and contactless services, Suning.com's model has 
empowered small-to-medium enterprises and supplier partners to leverage smart 
retail capabilities

Suning: serving the global market and consolidating the smart retail ecosystem

In recent years, Suning.com has proactively explored smart retail models 
through the in-depth integration of online and offline full-scenario retail. 
Suning.com has also harnessed digital technology to accelerate its social 
marketing matrix through channels such as in-store live streaming.

Looking ahead, the continued rise of digital technology and the acceleration of 
industrial integration will only further promote the rapid development of the 
service economy. As the leading company in China's services sector, Suning is 
well-placed to navigate the new era of cloud-based, open development with its 
five core capabilities of scenario, supply chain, marketing, logistics and 
finance.

Zhang Jindong, chairman of Suning Holdings Group, said: "We will further 
enhance the penetration and application of digital capabilities in the entire 
retail chain and across all scenarios, while participating in the global 
service value chain. Suning will leverage our advantages in all categories, 
scenarios and customer segments to better serve the global consumer market."

About Suning Holdings Group

Founded in 1990, Suning is one of the leading commercial enterprises in China 
with two public companies in China and Japan. In 2020, Suning Holdings Group 
ranked second in the top 500 non-state owned enterprises in China with annual 
revenues of RMB 665.259 billion (approximately US $97 billion)  and continued 
to top the list of Internet retailing category. Adhering to the enterprise 
mission of "Leading the Ecosystem across Industries by Creating Elite Quality 
of Life for All", Suning has strengthened and expanded its core business as 
retail through a corporate ecosystem comprised by multiple vertical industries, 
including commercial real estate, financial services and sports. Suning.com, 
the main subsidiary pioneering in online and offline retailing, has been listed 
in the Fortune Global 500 for four successive years from 2017 to 2020.

SOURCE  Suning Holdings Group