Suning Retail Cloud, founded in 2017, is an open platform that externalizes Suning.com’s smart retail capabilities through a “supply‑chain + stores + social e‑commerce” model. The platform provides supply‑chain, SaaS and logistics support to county and township merchants and has become a private‑traffic aggregation point for down‑market retail. As of end‑2020 it had opened 8,000 cumulative stores and reported annual sales exceeding RMB 20 billion (200亿元), and it serves over 200 million users across online and offline channels. It has helped more than 1,800 brand merchants enter lower‑tier markets, covers 31 provincial units and thousands of towns, and operates over 10,000 community groups. Suning Retail Cloud is expanding into home furnishing (first Zhihuashi store opened March 20) and has launched a “10k stores” initiative with a 2021 target of 12,000 outlets. The company aims to accelerate county/town O2O full‑scene retail transformation and consolidate its position in down‑market retail. Yunwang Wandian Technology is a Shenzhen-based unit established by Suning.Com to run its internet platform business. The new company will provide services to third-party sellers on Suning.Com while using its parent's information technology infrastructure. Suning.Com's supply chain and logistics units will provide services to the new subsidiary. Yunwang Wandian was formed during China's Double 11 shopping festival. Prior to the investment, the unit was valued at CNY25 billion (USD3.8 billion), and investors have injected CNY6 billion. The investment equaled almost 7% of Suning.Com's 2019 net assets, and Suning.Com shares rose 1% to CNY9.24 after the announcement.

Total raised

$913M

Funding rounds

2

Latest round

Equity

Latest activity

Dec 2020