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.
Suning.com, the Internet retail platform of the Chinese home appliances retailer Suning, has announced its open platform strategy, stating that it will fully open its data information, logistics and funding platforms.
Chinese electronics and home appliances retailer Suning has released its performance report for the third quarter of 2011, stating that from January to September 2011, the company’s e-commerce business grew rapidly and realized sales of CNY4.079 billion.
