E-commerce giant Suning reports double-digit rise in sales
NANJING - China's leading smart retailer Suning.com saw its omni-channel sales volume of commodities increased 21.8 percent year-on-year to 184.22 billion yuan ($26.8 billion) in the first half of 2019.
Suning.com achieved an operating income of 134.62 billion yuan from January to June, up 21.63 percent. Net income attributed to shareholders was 2.14 billion yuan, according to the company's semiannual report.
Suning.com said its online and offline businesses maintained relatively rapid growth. As of June, the company had 442 million registered subscribers for retailing platform, plus 7,503 self-operated and franchised stores in its offline footprint.
Analysts believe Suning's rapid growth in the first half of the year was underpinned by continued investment in its core retail business. The Fortune Global 500 company has acquired the 37 nationwide stores of Wanda Department Store and an 80-percent equity stake in Carrefour China in 2019.
