Suning Appliance Co., Ltd stood at the third place with its annual sales revenue of 156.223 billion yuan, just after Huawei (185.176 billion yuan) and Jiangsu Shagang Group (178.624 billion yuan) on the 500 Top Chinese Private Enterprises in 2011 that was released recently, meaning that it has become the largest commercial enterprise in China.

 

Suning announced its ten-year development strategy to its investors and the general public this June, which showed that Suning aimed at 650 billion yuan of sales revenue in 2020 with its 3,500 chain stores contributing 350 billion yuan and Suning Yigou’s online sales volume will reach 300 billion yuan, which was equivalent to 5% of China’s online market share.