Suning Appliance Co., Ltd.
SHE:002024 ISIN:CNE000001KF2
Suning Appliance Co., Ltd. principally operates franchised retail shops of electronics appliances in China. The Company mainly offers color televisions (TVs), audio and video (AV) players, disc players, refrigerators, washing machines, digital and information technology (IT) products, small household electronics, air conditioners, telecommunications products and other products. The Company also provides installation and repair services for electronic appliances. As of December 31, 2008, the Company had 812 retail shops in 178 cities throughout China.
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Asian Activities Report for December 19, 2011 includes: NTT Data Corporation (TYO:9613) is planning to commence a demonstration program in late January 2012 in Beijing, China; Hitachi (TYO:6501) and Founder Group (SHA:600601) have signed a cooperative agreement to provide SaaS cloud computing technology to the Chinese market; Electronics retailer Laox Co., Ltd. (TYO:8202), a subsidiary of Chinese home appliances retailer Suning (SHE:002024), will open its first store in China on 31 December 2011; China Internet Information Center (china.com.cn) and CMMB Vision Holdings Limited (HKG:0471) have signed an agreement to collaborate on multimedia services worldwide.
Most Asian stock markets were lower Friday due to some profit taking selling before the release of US non-farm payrolls data.
Asian markets received a strong lead from Wall Street and mostly opened higher this morning. But gains were trimmed in Tokyo share market after a stronger yen weighed on Japanese exporters. Meanwhile, concerns over companies' massive capital raising plans continue to dent the local sentiment.
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