Suning Electric Appliance Co., Ltd. (002024)

Suning Electric Appliance Co., Ltd. (002024)

Suning e-buy is a leading smart retail service provider in China. In the era of Internet retail, Suning continues to promote the strategy of smart retail and scenario interconnection, expand all categories, online through all channels, and integrate all customers. By opening up the supply cloud, user cloud, logistics cloud, financial cloud, and marketing cloud, Suning achieves full coverage from online to offline, from city to county, from shopping center to community, To provide consumers with ubiquitous 1-hour scene life circle solution, covering the needs of consumers' life in all directions. In 2020, Suning e-buy once again ranked in the Fortune Global 500, and ranked first in the retail industry with a brand value of 296.815 billion yuan in 2020 China's 500 most valuable brands.

As of June 2020, the whole scene of Suning e-buy's offline network has covered the whole country, with Suning Plaza, Suning Carrefour community center, Suning department store, Suning retail cloud, Suning Jiwu, Suning red children and other innovative Internet stores with "one big, two small and multi specialty", ranking at the forefront of the domestic offline network; Suning e-buy online, through its self operated, open and cross platform operation, ranks in the forefront of China's B2C industry, with 602 million retail members.

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