What happened to Suning.cn stock?

(002024) It was announced that a letter was received from shareholder Zhang recently, and the 540 million shares held by him have been frozen by the judiciary, accounting for 27.68% of the shares held by him and 5.80% of the company's total share capital. However, Zhang believes that "the execution certificate on which the notarized creditor's rights documents are executed does not conform to the Provisions of the Supreme People's Court on Several Issues Concerning the Execution of Notarized Creditor's Rights Documents", and the Beijing No.2 Intermediate People's Court has accepted the relevant execution objection.

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1.Suning.cn Group Co., Ltd. was established on 1990, with its headquarters in Nanjing, and was established on February 26th, 2000. It is the leading commercial enterprise in China, covering traditional household appliances, consumer electronics, department stores, daily necessities, books, virtual products and other comprehensive categories. By the end of 20 19, the offline full-scene network of Suning.cn has covered the whole country, and there are more than13,000 innovative Internet stores such as Suning Plaza, Suning.cn Plaza, Carrefour Community Center, Suning Department Store, Suning Store, Suning Retail Cloud, Suning Polar Objects, Suning Red Kids, Suning Sports, Suning Studios and Suning Auto Supermarket. Suning Appliance (002024) is listed on Shenzhen Stock Exchange. Suning Appliance has been highly recognized by the investment market with its excellent performance, and it is one of the enterprises with the highest market value in the global home appliance chain retail industry.

2. In the new decade, Suning continued to promote the development strategy of "scientific and technological change and smart service", further deepened the cloud service model, and gradually explored the business forms of online and offline multi-channel integration, all-category operation and open platform services. We believe that the retail model of China in the future will be "stores+e-commerce+retail service providers", which is the so-called "cloud business" model.

3. Smart retail is to let the retail industry return to humanism and regard consumers as the core of future retail. With the progress of science and technology and the upgrading of consumption, users are increasingly demanding more humanized, personalized and diversified shopping experiences, so creating scene consumption has become a major trend in the new retail era.

In his view, in order to upgrade the intelligence of the retail industry as a whole, it is necessary to integrate the strength of the whole industry and all channels, break down the barriers of scenes, realize the complementary advantages between different scenes, and let each enterprise have its own position in the smart retail system and benefit from the process of smart retail.