i3 - May/June 2017 - 8
Tech
I N N OVATO R
Suning's
Chairman
Zhang Jindong
Z
hang Jindong is the co-founder and chairman
of Suning Holdings Group which includes
Suning Commerce Group (listed on the
Shenzhen Stock Exchange) and LAOX (listed
on the Tokyo Stock Exchange). The current
annual sales volume of Suning Holdings Group
is 510 billion RMB (US $74 billion). By 2020,
it aims to have sales volume exceeding one trillion RMB (US $145 billion). Suning Commerce Group is the
largest retail chain in China.
As a self-made billionaire, he has a powerful and inspirational
story. Born in Jiangsu Province in 1963, he graduated from the
Nanjing Normal University. In 1990, Zhang opened a small retail
shop selling air conditioners. Under Zhang's leadership, the company has seen phenomenal growth.
8
MAY/JUNE 2017
Powered by cloud computing and big data technologies, the retail
platform offers more than 30 million SKUs from 30,000 merchants. SKUs include traditional appliances, consumer technology
products, supermarket products, mother and baby care products,
general merchandise products, financial and entertainment products. The company has also been building its service capabilities
using three unique cloud platforms for logistics, financial and data.
Suning's vision is to become a "high-tech smart services" international conglomerate with diversified businesses in China,
Southeast Asia, Europe and the U.S.
Zhang was also elected to the National Committee of the Chinese
People's Political Consultative Conference, a senior governmental
body and serves as a vice president of the All-China General
Chamber of Commerce of the Private Sector. He recently shared
his insights with i3.-By Cindy Loffler Stevens
I T I S I N N O VAT I O N
i3 - May/June 2017
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