The investor of the Suning (SCO) Cross-border E-commerce Industrial Park project is Suning Holding Group Co., Ltd. that was founded in 1990. Suning has two listed companies in China and Japan (China A-share Suning.cn and Japanese main board LAOX), and is the largest commercial retail enterprise in China. In 2020, Suning Holding Group ranked second among China’s top 500 private enterprises with a size of 665.259 billion yuan.
Adhering to the corporate mission of “leading industrial ecosystem and creating a quality life,” Suning has been expanding its industrial operations, forming a pattern of coordinated development of eight industrial sectors, including Suning.cn, Suning Logistics, Suning Finance, Suning Technology, Suning Real Estate, Suning Culture and Innovation, Suning Sports, and Suning Investment. Suning.cn ranks No. 324 in the Fortune Global 500 in 2020.
The total contracted area of the project is 600 mu, where the first phase covers an area of 340 mu. Suning regional e-commerce operation center, TTK Express distribution center, fresh cold chain center, rural e-commerce center, cross-border e-commerce center, and supporting facilities will be built.
A new company was established in December 2018 with a registered capital of 100 million yuan to promote the construction of the project. With a gross floor area of about 260,000 m2,the project has been fully started on June 30, 2020 and is expected to be fully put into operation by the end of 2022. The project will further strengthen the company’s guidance to all branches in Jiaodong Peninsula, and realize the company’s sustained and rapid development.