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Holding Company
suningholdings.com

Investments

15

Portfolio Exits

2

Funds

2

Partners & Customers

10

Service Providers

1

About Suning Commerce Group

Suning Commerce Group (苏宁控股) engages in the chain sales and service of household appliances, office equipment, electronics, and communications products. Its products include color television, audio and video, compact disc, digital and information technology products, refrigerators, washing machines, communications products, air conditioner, and kitchen and living room small household electrical appliances. Suning has two listed companies, namely Suning.com (苏宁云商 / 苏宁易购) (SHA: 002024) and LAOX Japan (ラオックス) (TYO: 8202).

Headquarters Location

No. 1 Suning Building

Nanjing, Jiangsu, 210042,

China

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Latest Suning Commerce Group News

E-Commerce Global Market Report 2023

Feb 17, 2023

Major players in the e-commerce market are Amazon.com Inc, JD.com Inc, Suning Commerce Group Co. Ltd, Apple Inc, Walmart Inc, Dell Technologies Inc, Vipshop Holdings Ltd, Gome Electrical Appliances Holding Ltd, Macy’s Inc, and Otto Group. February 17, 2023 08:41 ET Lyon, FRANCE New York, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "E-Commerce Global Market Report 2023" - https://www.reportlinker.com/p06282514/?utm_source=GNW The global e-commerce market will grow from $2,837.76 billion in 2022 to $3,183.16 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The e-commerce market is expected to grow to $4,902.06 billion in 2027 at a CAGR of 11.4%. The e-commerce market consists of sales of merchandise such as apparel, electronics, furniture, books, cosmetics, and other products through online channels.This industry includes e-commerce and m-commerce companies that offer home delivery services. The sales transaction between the retailers and their customers is typically done through the use of information technology, including the telephone and the internet, and the delivery of merchandise is typically done through the mail or couriers. The e-commerce industry also includes direct mailers who are selling their merchandise and retail through online websites. The main model types of e-commerce are business to business (B2B) and business to consumer (B2C).Business-to-business (B2B) refers to a form of transaction between businesses, like one involving a manufacturer and a wholesaler, or a wholesaler and a retailer. The various payment modes involved are card payments, bank transfers, digital wallets, cash payments, and other payment modes. The applications included are home appliances, clothing and footwear, books, cosmetics, baby goods, groceries, and other applications. North America was the largest region in the e-commerce market in 2022.Asia Pacific was the second largest region in the e-commerce market. The regions covered in the e-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Rising internet penetration and the growing use of smartphones are predicted to contribute to the growth of the e-commerce market.The growing usage of the internet and smartphones is shifting consumer preferences towards online shopping. According to We Are Social’s special report on Digital 2020 published in January 2020, the total internet users across the globe in 2020 increased to 4.54 billion, with a growth of 298 million or 7% in comparison with January 2019. Moreover, the number of mobile users was 5.19 billion in 2020, which increased by 124 million, or 2.4%, in 2019. Therefore, increasing internet penetration coupled with the growing number of people using smartphones is projected to boost the demand for the e-commerce market over the forecast period. Stringent regulations and vertical restraints imposed on the e-commerce sector are expected to limit the growth of the e-commerce industry in the near future.Vertical restraints such as platform parity agreements (APPA), geo-blocking, most favoured nation (MFN), geo-filtering, and advertising restrictions will pose a significant challenge to e-commerce players. For instance, in June 2020, the government of India issued draft rules to amend the consumer protection (E-Commerce) rules 2020. Therefore, the stringent regulation imposed on functioning and advertising makes it difficult for e-commerce players to manage their operations, thus adversely impacting the growth of the e-commerce industry over the forthcoming years. Increasing government and companies’ initiatives to promote e-commerce sales is a leading trend in the e-commerce market. According to Entracker’s news published in April 2022, Indian government launched pilot phase of Open network for digital commerce (ONDC) to democratize e-commerce sector to facilitate e-commerce of small retailers. which is projected to boost the sector’s growth in the country. In April 2022, Flipkart, a Bengaluru-based e-commerce company, acquired ANS Commerce for an undisclosed amount.The acquisition would strengthen the online retail ecosystem of flipkart. ANS Commerce is an India-based e-commerce services provider. The countries covered in the e-commerce market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The e-commerce market consists of revenues earned by entities by providing e-commerce services such as drop shipping, crowdfunding, and subscription.The market value includes the value of related goods sold by the service provider or included within the service offering. The e-commerce market also includes sales of as apparel, electronics, furniture, books, grocery and cosmetics.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified). The revenues for a specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products. The e-commerce market research report is one of a series of new reports that provides e-commerce market statistics, including e-commerce industry global market size, regional shares, competitors with an e-commerce market share, detailed e-commerce market segments, market trends and opportunities, and any further data you may need to thrive in the e-commerce industry. This e-commerce market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Suning Commerce Group Investments

15 Investments

Suning Commerce Group has made 15 investments. Their latest investment was in Suning Financial Services as part of their Series C on September 9, 2019.

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Suning Commerce Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/27/2019

Series C

Suning Financial Services

$1,403.91M

No

9

2/13/2019

Series A - III

PATEO

No

8

4/19/2018

Corporate Minority - III

Leshi Zhixin Electronic Technology

$477.79M

Yes

7

4/9/2018

Series C

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$99M

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10

3/12/2018

Seed VC

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10

Date

9/27/2019

2/13/2019

4/19/2018

4/9/2018

3/12/2018

Round

Series C

Series A - III

Corporate Minority - III

Series C

Seed VC

Company

Suning Financial Services

PATEO

Leshi Zhixin Electronic Technology

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Amount

$1,403.91M

$477.79M

$99M

New?

No

No

Yes

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Co-Investors

Sources

9

8

7

10

10

Suning Commerce Group Portfolio Exits

2 Portfolio Exits

Suning Commerce Group has 2 portfolio exits. Their latest portfolio exit was SenseTime on December 30, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/30/2021

IPO

$99M

Public

26

1/9/2018

Acquired - II

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$99M

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10

Date

12/30/2021

1/9/2018

Exit

IPO

Acquired - II

Companies

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Valuation

$99M

$99M

Acquirer

Public

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Sources

26

10

Suning Commerce Group Acquisitions

9 Acquisitions

Suning Commerce Group acquired 9 companies. Their latest acquisition was Carrefour China on June 23, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/23/2019

Other

$99M

Corporate Majority

22

3/11/2019

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$99M

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10

4/3/2018

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$99M

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10

1/3/2017

Series A

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$99M

$99M

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10

11/26/2016

Other

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$99M

$99M

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10

Date

6/23/2019

3/11/2019

4/3/2018

1/3/2017

11/26/2016

Investment Stage

Other

Series A

Other

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

$99M

Note

Corporate Majority

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Sources

22

10

10

10

10

Suning Commerce Group Fund History

2 Fund Histories

Suning Commerce Group has 2 funds, including Logistics Real Estate Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Logistics Real Estate Fund

1

Shanghai Guotai Junan Innovation Equity Investment Fund Center

10

Closing Date

Fund

Logistics Real Estate Fund

Shanghai Guotai Junan Innovation Equity Investment Fund Center

Fund Type

Status

Amount

Sources

1

10

Suning Commerce Group Partners & Customers

10 Partners and customers

Suning Commerce Group has 10 strategic partners and customers. Suning Commerce Group recently partnered with Italian Trade Agency on November 11, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

11/11/2020

Partner

Italy

Chinese retail giant to cooperate further with Italian Trade Agency

Following the deals , Suning 's high-end retail service brand Sup 's will collaborate with Trade Agency to launch monthly `` blind boxes '' of wines , bringing various assortments of wines to Chinese customers .

1

10/13/2020

Vendor

United States

Photos courtesy of Suning Cinema. Suning Cinema opens “all Christie” RGB laser multiplex in Xi’an

Peter Chen , executive director of Cinema Sales , Greater China , Christie , commented , `` We 're delighted that Suning Cinema has chosen our advanced , yet affordable RGB laser projection systems for its new flagship multiplex in Xi'an to deliver spectacular visuals for movie-goers .

1

10/13/2020

Vendor

United States

Posted on Tuesday, October 13, 2020. Suning Cinema opens “all Christie” RGB laser multiplex

Peter Chen , executive director of Cinema Sales , Greater China , Christie , commented , `` We 're delighted that Suning Cinema has chosen our advanced , yet affordable RGB laser projection systems for its new flagship multiplex in Xi'an to deliver spectacular visuals for movie-goers .

1

8/10/2020

Partner

China

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10

9/26/2018

Partner

China

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10

Date

11/11/2020

10/13/2020

10/13/2020

8/10/2020

9/26/2018

Type

Partner

Vendor

Vendor

Partner

Partner

Business Partner

Country

Italy

United States

United States

China

China

News Snippet

Chinese retail giant to cooperate further with Italian Trade Agency

Following the deals , Suning 's high-end retail service brand Sup 's will collaborate with Trade Agency to launch monthly `` blind boxes '' of wines , bringing various assortments of wines to Chinese customers .

Photos courtesy of Suning Cinema. Suning Cinema opens “all Christie” RGB laser multiplex in Xi’an

Peter Chen , executive director of Cinema Sales , Greater China , Christie , commented , `` We 're delighted that Suning Cinema has chosen our advanced , yet affordable RGB laser projection systems for its new flagship multiplex in Xi'an to deliver spectacular visuals for movie-goers .

Posted on Tuesday, October 13, 2020. Suning Cinema opens “all Christie” RGB laser multiplex

Peter Chen , executive director of Cinema Sales , Greater China , Christie , commented , `` We 're delighted that Suning Cinema has chosen our advanced , yet affordable RGB laser projection systems for its new flagship multiplex in Xi'an to deliver spectacular visuals for movie-goers .

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Sources

1

1

1

10

10

Suning Commerce Group Service Providers

1 Service Provider

Suning Commerce Group has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Acquired

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Acquired

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

Suning Commerce Group Team

1 Team Member

Suning Commerce Group has 1 team member, including current Chief Executive Officer, JinDong Zhang.

Name

Work History

Title

Status

JinDong Zhang

Chief Executive Officer

Current

Name

JinDong Zhang

Work History

Title

Chief Executive Officer

Status

Current

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