Suning's rural retailer Retail Cloud will open 900 new stores in Q3

NANJING,China,July 5,2021 -- Suning.com (002024.SZ),China's leading smart retail service provider and a Fortune Global 500 company owned by Suning Group,today announced its Retail Cloud (Ling Shou Yun) subsidiary will open 900 stores in the next three months,and the home furnishing store as a new store model will be the business focus in Q3.

Data from Retail Cloud Stores shows that during China's mid-year shopping festival "618",the growth of refrigerator and washing machine products from domestic brands including Meling and Little Swan increased by more than 100% year on year,the overall growth of high-end home appliance brand Panasonic increased by 130% year on year,the year-on-year growth of domestic kichen appliances maker VATTI reached 260%.

Officially launched in July 2017,Retail Cloud is Suning's important business sector that aims to help micro and small business merchants thrive in lower-tier cities and county-level markets in China. The 10,000th Retail Cloud store willbe launchedin Q3,according to the plan.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sunings-rural-retailer-retail-cloud-will-open-900-new-stores-in-q3-301325512.html