Suning turns to loss; online business revenue climbs 51%
By Wang Zhuoqiong | China Daily | Updated: 2014-08-01 07:09
Suning Commerce Co Ltd reported a first-half net loss of 749 million yuan ($121.4 million), the first interim loss for the appliance retailer in a decade.
A year earlier, the company reported a net first-half profit of 734 million yuan.
Its second-quarter net loss narrowed to 315 million yuan from 434 million yuan in the previous quarter.
Photo
