In response to bankruptcy rumors circulating in the market recently, Gome, a Chinese home appliance enterprise, issued a statement on the evening of December 1 saying that the company and other subsidiaries of Gome Holding Group had not received any legal documents or inquiries related to bankruptcy.
Earlier this month, Chinese e-commerce giant Alibaba was reported to be officially launching Miravia, a new e-commerce platform for the Spanish market. A source close to the company confirmed this news.
Huang Xiuhong, the chairman of Beijing-based electronics retailer GOME Holdings, said recently that until the end of December, the company will only provide social security to its employees, and it will not pay wages.
Global technology-based retail firm Miniso announced on September 15 the results of an independent investigation into a highly critical report released in late July by Blue Orca Capital. Miniso asserted that allegations made in the report have no factual basis.
Chinese budget lifestyle retailer Miniso has officially listed on the main board of the Hong Kong Stock Exchange (HKEx) with "9896" as its ticker symbol. The firm's opening share price was HK$13.20 ($1.68) – lower than the actual listing price of HK$13.80 ($1.76).
Suning.com, a Chinese retail e-commerce platform, issued a statement on Wednesday saying that reports of "Suning's bankruptcy liquidation" were a rumor. The company is operating normally at present.
Chinese retail platform Suning.com officially launched its flash delivery service on Friday, entering the already crowded intra-city instant retail field.
Chinese tech giant Huawei and retail platform GOME Holdings are in talks to cooperate on digital retail upgrades. Both parties are very likely to build a digital operation system centered on the consumer experience.
The Top 250 global retailers generated an aggregated revenue of $5.11 trillion in the fiscal year of 2020 ending within the 12 months from July 1, 2020 to June 30, 2021, representing composite growth of 5.2%.
Shanghai Yibaimi Network Technology Co., Ltd., the operator of fresh food e-commerce platform Dingdong Maicai, changed its business registration information on January 24.
According to Chinese enterprise data platform Tianyancha, GOME Sharing Economy (Tianjin) Co., Ltd. was established recently with a registered capital of 100 million yuan ($16 million).
Suning.com issued a letter to all of its employees on Monday, saying that it will strive to attain a positive EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) in the month of November.
Suning.com has reported the incident to public security officials, and the rumormongers will be investigated for legal responsibility according to law.
Missfresh Limited, a leading neighborhood retail company in China, today announced its unaudited financial results for the third quarter ending September 30, 2021.
KK Group, a retail unicorn startup, submitted an IPO application to the Hong Kong Stock Exchange on Thursday.
On October 29, Suning.com released its performance report for the first three quarters of 2021, showing that the company's operating income in the third quarter was 21.968 billion yuan ($3.4 billion), down 64.82% year-on-year.
Dada Group, China’s local on-demand delivery and retail platform, and JD.com today announced that they jointly launched "Shop Now", the JD Xiaoshigou.
Dada Group, a Chinese local on-demand delivery and retail platform, announced that its JD Daojia (JDDJ) platform hosted the first “JD Daojia Brand Partner Conference” in Shanghai on Thursday.
According to the Tianyancha app, Suning.com has undergone a series of industrial and commercial changes. For instance, its legal representative has been changed from Zhang Jindong to Ren Jun.
Chinese retail platform Suning.com on Thursday evening announced that Huang Mingduan will be its new Chairman and one of the non-independent directors. Xian Handi, Cao Qun and Zhang Kangyang will also be its non-independent directors.