Skip to main content

China’s retailer Suning.com to become retail service provider in coming decade

Abstract : Chinese retail giant Suning.com aims to become a retail service provider for small and medium retailers in the coming decade, with more favorable measures to be rolled out, according to Gu Wei, vice president of the company at the 30th anniversary celebration conference on Monday.

Suning.png

People shops at unmanned shelves in Nanjing, capital of east China’s Jiangsu Province, Jan. 10, 2018. Some unmanned shelves were set up by China’s e-commerce platform Suning Appliance in Nanjing recently, in which payments can be made through QR codes. (Xinhua/Li Yuze)

BEIJING, July 27 (Xinhua) — Chinese retail giant Suning.com aims to become a retail service provider for small and medium retailersin the coming decade, with more favorable measures to be rolled out, according to Gu Wei, vice president of the company at the 30th anniversary celebration conference on Monday.

Suning.com will reduce and exempt logistics warehouse storage fees on the premise of meeting the turnover efficiency in the following three years, and provide subsidized financing services for the small, medium and micro businesses, said Gu.

As of now, Suning Logistics, the logistics arm of Suning.com, has covered 95 percent areas of the country and will further consolidate the logistics infrastructure in the future.

At the conference, Gu said that in 2025, Suning.com will complete a 20 million square meter warehousing infrastructure layout in the domestic core economic zones.

Since its establishment, Suning Finance has granted more than 550 billion yuan in supply chain finance and consumer finance. In the following three years, it will grant an additional 300 billion yuan to partners and provide 50 billion yuan of subsidized financing for small, medium and micro businesses, according to Gu. (Edited by Hu Pingchao with Xinhua Silk Road, hupingchao@xinhua.org)

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s retailer Suning.com to become retail service provider in coming decade

Labels:

Comments

Post a Comment

Popular posts from this blog

BYD new-energy vehicle sales nearly double in April

Abstract : China's leading new-energy vehicle (NEV) manufacturer BYD reported surging sales in April, company data showed Saturday. Workers work on the assembly line at a factory of vehicle manufacturer BYD Auto in Xi’an, northwest China’s Shaanxi Province, Feb. 25, 2020. (Xinhua/Liu Xiao) SHENZHEN, May 8 (Xinhua) — China’s leading new-energy vehicle (NEV) manufacturer BYD reported surging sales in April, company data showed Saturday. In a filing with the Shenzhen Stock Exchange, the Shenzhen-based company said its sales of NEVs, including purely electric vehicles and plug-in hybrid electric vehicles, surged 97.5 percent year on year to 25,662 units in April. In the January-April period, BYD sold 80,413 NEVs, up 128.5 percent year on year. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investmen...
Post a Comment
Read more

China’s Xiamen posts 1,000 China-Europe freight train trips

Abstract : Xiamen, a coastal city in east China's Fujian Province, Wednesday saw the 1,000th China-Europe freight train trip since the city launched the service in 2015. The X8098 train leaves Haicang station in Xiamen of east China’s Fujian Province for Hamburg, Germany, bringing the number of train trips of China-Europe freight train service to 1,000 on June 2, 2021. (Xinhua/Lin Shanchuan) XIAMEN, June 2 (Xinhua) — Xiamen, a coastal city in east China’s Fujian Province, Wednesday saw the 1,000th China-Europe freight train trip since the city launched the service in 2015. With 50 carriages loaded with daily necessities, auto parts and other goods, the X8098 train left the Haicang station of Xiamen for Germany Wednesday morning, bringing the number of train trips of such service to 1,000. Launched in August 2015, Xiamen’s rail cargo service to Europe and Central Asia has so far transported nearly 80,000 TEUs of goods worth more than 3 billion U.S. dollars, which...
Post a Comment
Read more

Interview: Egyptian-Chinese cooperation against COVID-19 reflects strength of ties, says Egyptian minister

Abstract : Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries' relations, said Egyptian Minister of State for Information Osama Heikal. SHARM EL SHEIKH, Egypt , Sept. 27 (Xinhua) — Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries’ relations, said Egyptian Minister of State for Information Osama Heikal. “In such circumstances, countries need to cooperate with each other in a way that demonstrates solidarity and reflects strength in relationships … Egyptian-Chinese cooperation is a good example,” the minister told Xinhua in a recent interview. Egypt-China relations are strong and deeply-rooted, and will gain a greater momentum in the coming years, he said. The minister praised China’s handling of the pandemic, saying that every country has dealt with the crisis according to its own circumstances. “I believe that the E...
Post a Comment
Read more