The front entrance to a Suning retail store in downtown Chengdu in Sichuan province. Photo: Shutterstock The front entrance to a Suning retail store in downtown Chengdu in Sichuan province. Photo: Shutterstock
The front entrance to a Suning retail store in downtown Chengdu in Sichuan province. Photo: Shutterstock
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Business /  Markets

Embattled retailer Suning.com eyes private equity assets in turnaround bid as billionaire founder loses grip on group

  • Suning.com will pay cash, issue new shares for acquisition that will dilute billionaire founder’s control of white-goods retailer
  • Vendor Shenzhen Capital Group claims to be the most successful among mainland China’s private equity and venture capital firms

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Zhang Shidong
Zhang Shidong in Shanghai

Updated: 10:50pm, 23 Jun, 2021

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The front entrance to a Suning retail store in downtown Chengdu in Sichuan province. Photo: Shutterstock The front entrance to a Suning retail store in downtown Chengdu in Sichuan province. Photo: Shutterstock
The front entrance to a Suning retail store in downtown Chengdu in Sichuan province. Photo: Shutterstock
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