Retail in Asia

In Tech

China’s Suning net profit up 56pc in 1st half

Chinese home-appliances retailer Suning has published its semi-annual financial report, stating that due to the incentive policy in China’s home-appliances industry, its net profit increased by 56.08 percent year on year to CNY1.974 billion (USD291.4 million) in the first half of 2010.

From January to June 2010, Suning opened 134 new retail chain stores in mainland China. It also optimised its network in Hong Kong and had 20 stores in the region by the end of June.