Suning Commerce Group published its financial report for the first quarter of 2013, stating that during the reporting period, the group realized operating revenue of CNY27.201 billion, a year-on-year increase of 20.14%; meanwhile, its e-commerce business realized revenue of CNY4.499 billion, a year-on-year increase of 134%.
Chinese electronics and home appliances retailer Gome’s e-commerce website and the maternal and baby products website Qinqinbaby.com have signed a strategic cooperation agreement to jointly operate a maternal and baby products channel.
A representative from Suning.com, the e-commerce platform of electronics retailer Suning, told local media that their negotiation for the acquisition of Redbaby.com, a Chinese e-commerce website for baby and maternal products, has entered the financial audit stage, and the deal is expected to be closed in the third quarter of 2012.
