Suning Lingshouyun Asset Profile

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Year established

2017

Location

Nanjing Jiangsu China

Primary Industry

Retail

About

Established in 2017 and based in Nanjing, China, Suning Lingshouyun is a retail service provider that provides digital transformation of traditional retail stores in counties and towns through the model of supply chain, stores and social e-commerce. It is a smart retail empowerment platform built by Suning.com Co., Ltd. As of the end of 2023, Suning Lingshouyun has opened more than 15,000 stores. In January 2021, it raised approximately CNY 1 billion in series A funding. In May 2024, the company raised CNY 480 million in strategic investment from new investor China Huarong Asset Management. Suning Lingshouyun is a smart retail platform built by Suning for the county and township market. It integrates smart retail resources such as brand, supply chain, technology, logistics, and finance and uses the O2O (Online To Offline) scene retail model in counties and towns to create a shopping platform for county and town users. The company has offline stores, online platforms, cloud warehouse services and digital supply chains. Suning Lingshouyun stores have home appliances, 3C products, home furnishings, bathroom products and other categories of goods. It also provides services such as order online and deliver to home. The company generates revenue by providing its smart retail platform and retail stores. The company's stores will exceed 30,000 by 2025. It will use strategic investment funding to support the development of the company's retail cloud business and upgrade the retail empowerment platform.

Current Investors

CPE Funds Management, ADV Partners, China CITIC Financial Asset Management

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Primary Industry

Retail

Sub Industries

Retail, Internet

Website

www.suninglsy.com

Verticals

E-commerce, Mobile Apps

Company Stage

Series A

Total Amount Raised

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