Traditional Culture Encyclopedia - Hotel franchise - Is Suning Global a subsidiary of Suning Appliance Group?
Is Suning Global a subsidiary of Suning Appliance Group?
No. Suning Global is not part of Suning Appliance Group.
The bosses of Suning Appliance and Suning Global are brothers. Both companies are headquartered in Nanjing. Suning Global is mainly engaged in real estate, while Suning Appliance is China's 3C (home appliances, computers, communications) Leaders of home appliance chain retail companies, they are all independent legal representatives. The two brothers started their business together in the early years and first created the Suning brand. However, they later developed independently. Except for the blood relationship between the two "Sunings", the two brothers no longer have any asset relationship. The younger brother Zhang Jindong is mainly engaged in home appliance retail, while the older brother Zhang Guiping has turned to real estate, commerce, building materials production, construction and other fields.
It is understood that although Suning Appliance Group owns three major industries, Suning Appliance, Suning Galaxy Real Estate (mainly involved in real estate, golf and hotels), and Suning Galaxy Department Store, Suning Global is the industry of Zhang Jindong’s eldest brother. Not affiliated with Suning Appliance Group.
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