Appliance retailer aims to become more like Wal-Mart, Amazon
Suning Appliance Co Ltd, China's largest electric appliance retailer by sales, has announced a series of ambitious moves to expand its offerings to other areas of general merchandise.
The Nanjing-based company currently has bricks-and-mortar stores and an e-commerce business, but now wants to move to a model similar to a combination of Wal-Mart Stores Inc and Amazon.com Inc, said Chairman Zhang Jindong.
At 75, he travelled in Europe; at 98, he got a master's degree; at 102, he published an autobiography.