Suning eyes expansion
By Feng Jianmin |
June 21, 2011, Tuesday
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Print Edition
Print Edition
SUNING Appliance Co, China's largest electrical appliance retailer, said it will expand overseas in the next 10 years and expected revenue from abroad to eventually make up 15 percent of the company's income.
The company plans to open stores in Thailand, Indonesia, Malaysia, and the Philippines by 2015.
It also plans to enter the United States and European markets from 2016 through mergers or acquisitions.
Online sales will make up 5 percent of the company's overseas revenue, said Suning.
The company plans to open stores in Thailand, Indonesia, Malaysia, and the Philippines by 2015.
It also plans to enter the United States and European markets from 2016 through mergers or acquisitions.
Online sales will make up 5 percent of the company's overseas revenue, said Suning.
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