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NANJING, China, Aug. 14, 2020 /PRNewswire=KYODO JBN/ --

Suning.com (002024.SZ), China's leading O2O smart retailer owned by Suning

Holdings Group, has been featured on the Fortune Global 500 list for the fourth

consecutive year since 2017. Suning.com was listed with an annual operating

revenue of USD $38.97 billion.

Four consecutive years on the Fortune Global 500

The Fortune Global 500 is an annual list compiled and published by Fortune

magazine, which ranks the world's leading 500 companies by revenue. Over the

years, Suning.com has continued its meteoric rise as a result of its innovative

full-scenarios layout, which combines digital transformation with an unwavering

commitment to developing burgeoning businesses and establishing its own retail

ecosystem.

Since starting its online-to-offline transformation in 2009, Suning.com has

emerged as China's leading smart retailer as a result of its comprehensive

integration of online and offline retail. In 2019, the retailer's acquisition

of the Wanda Department Store and Carrefour China has also injected strong

growth in its FMCG category.

Acquisition of Carrefour China in 2019

Suning.com's diversification into FMCG with Carrefour China provided prime

growth opportunities for the retailer in the past year. Between January and

June 2020, Suning.com saw sales volume for general merchandise increase by

114.50% year-on-year. Furthermore, on July 30, the official start of

Suning.com's 818 Festival, home delivery orders on Carrefour's channels

increased 115% from the previous month.

Suning.com has also transformed Carrefour's door-to-door business, ensuring

delivery within 3km in one hour, 10km in half a day. In addition, the retailer

has completed construction for fast pick-up warehouses and conducted systematic

upgrades for Carrefour stores across the country — enabling the FMCG giant to

truly achieve full-scenario, high-efficiency, cost-effective omnichannel

shopping and delivery services.

Opening the 6000th Suning.com retail cloud store

In a challenging environment, Suning.com's retail cloud stores empower small

and medium-sized entrepreneurs to break the barriers between online and offline

in the wake of the pandemic, creating a new business model that combines the

supply chain with offline stores and social e-Commerce. In the past three

years, Suning.com has opened more than 6,000 retail cloud stores, with its

service reaching over 200 million users in counties and towns across the countries.

The transformation from "retailer" to "retail service provider"

Fueled by digital technology and eCommerce, both brands and retailers are

gradually shifting to an ecosystem that consists of large-scale distribution

and connectivity. With a 30-year legacy of commitment to exceptional customer

service, Suning has evolved its offering over the years in order to meet the

changing demands of consumers. Starting as a traditional retailer, Suning.com

quickly evolved into a chain retailer, then entered the eCommerce space, before

finally entering its fourth decade of operations as a "retail service provider".

Zhang Jindong, chairman of Suning Holding Group, said: "Ten years of development

depends on innovation, while a century of development depends on services.

User experience is always the primary consideration for all decision-making at Suning.com."

Looking ahead, Suning.com will continue to focus on providing value for users

and deepen its offering with retail at its core. By adhering to its commitment

to service, focusing on long-term value for users and retailers alike, and

maximizing its retail ecosystem, Suning.com will continue its uncharted growth

in retail market.

About Suning

Founded in 1990, Suning Holdings Group is one of the leading commercial

enterprises in China, with two public companies in China and Japan. Suning,

which ranks third in the top 500 Chinese private enterprises, is dedicated to

serving more than 600 million customers worldwide with over 280 thousand

employees. With its mission of "Leading the Ecosystem Across Industries by

Creating Elite Quality of Life for All", Suning has shaped an industrial layout

featuring coordinated development of real estate and financial service with

retail at the core.

SOURCE: Suning Holdings Group