Hangzhou Haoyue Enterprise Management Co., Ltd. completed the acquisition of 19.99% stake in Suning.com Co., Ltd. from Taobao Software Co., Ltd.

Suning.com Co., Ltd. specializes in the retail distribution of general public computing and electronic equipments and household devices. Net sales break down by family of products and services as follows: - communication products (26.3%); - small household appliances (23.3%); - computers and digital devices (12.4%); - refrigerators and washing machines (11.6%); - air conditioners (10.8%) - consumer electronics (10.6%); - logistics services (1.1%); - financial services (1.1%); - installation and maintenance services (0.6%); - other (2.2%). At the end of 2018, the marketing of the products is ensured through a network of over 11,000 stores worldwide. China accounts for 97.1% of net sales.