Suning presents smart strategy

Suning, China’s second ranked non-state-owned enterprise, will present its latest technologies at this year’ CE China

At CE China, Suning will demonstrate its latest innovations of the company’s smart home appliances, which are based on its Biu OS system. The range includes Biu refrigerators, air conditioners, washing machines, automatic washing machines, fans and smart security kits. Biu+ aims to create an open platform for sharing resources across the smart home appliance industry, leading the smart home industry to cope with problems and challenges.
As the largest omni-channel retailer in China, Suning will also showcase its core technology smart retail innovations in the Smart Retail+ section of its booth. The company will exhibit its digital store product solutions including self-service cash register, weighing rack, off-hook system, commodity heat, and track heat, which aim to help increase retail operation efficiency and improve customer experience.
In the “Smart Solutions+” segment, Suning will demonstrate its four cloud solutions, supply cloud, retail cloud, management cloud and basic cloud, to enable retailers to access its basic technology tools to increase industry efficiency. At CE China, Suning will share its insights on how technology will impact and re-shape the retail industry.
Dr Jack Jing, COO, Suning Technology Group, said: “An increasing number of SMEs in the retail industry are facing crucial challenges. As the leading omni channel smart retailer, Suning has deep insights into how technology is reshaping retail.
“Suning is willing to share its technology and experience to enable refined internal management and accelerate the digitalisation of the retail industry.”
With Suning’s next generation Smart Life+, Smart Retail +, and Smart Solution+ technologies, Suning says it is dedicated to improving the shopping experience of its existing 600 million registered members, while continuing to attract new customers.

PANEL: Suning.com listed on 2019 Fortune Global 500

Suning.com, a subsidiary of Suning Holdings Group, has been listed on 2019 Fortune Global 500 with an operating income of $37 billion, which is the third time the company has appeared on the list since 2017. In the meanwhile, Suning.com has risen 94 places compared to last year, making the company one of the top five fastest growing companies on the list.
Fortune Global 500 is the most famous and authoritative list to evaluate the world’s largest companies. Since 2008, the number of listed companies in China has grown considerably, reaching 129 companies this year and ranking number one in terms of quantity for the first time in history.
The list shows that the total operating income of 500 companies listed this year was nearly $32.7 trillion, with a year-on-year increase of 8.9%. While Suning.com saw a success of 2018 with operating income of $37 billion, increased by 30.4%, far exceeding the industry average.