Zhang Jindong Discusses Suning’s 2021 Plans: “We Will Keep Following Our Own Path”

Zhang Jindong Discusses Suning’s 2021 Plans: “We Will Keep Following Our Own Path”
March 4, 2021 16:00
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Zhang Jindong has outlined Suning’s commercial plans for 2021 amid growing uncertainty over the company’s future at Inter.

Suning are enduring their most turbulent period since purchasing the Nerazzurri from Erick Thohir in 2016, with increasing speculation that they could sell the club soon.

Last weekend, the Chinese conglomerate sold off a 23% stake in Suning.com to two Chinese state-owned subsidiaries for €1.9 billion, underlining their urgent need for cash.

In an interview with China Securities Journal today, as quoted by FCInterNews.it, Zhang explained: “Suning will firmly follow its own path in 2021.

“This year I will focus on rural revitalisation, the circular economy, the sharing of information, financial inclusivity and green logistics.

“The retail industry is an endless marathon and Suning’s style is to remain constant and gradual.”

Zhang also discussed plans to support smaller businesses in China, saying he hoped a platform could be built to help them to resolve their financial problems.

“We will cultivate competitive resistance and strengthen our resilience in development,” he then said.

“In line with the constant acceleration of the consumption upgrade of the whole company, Suning will increase the optimisation of the consumption supply of goods and services.”

Zhang did not touch upon Inter during his interview but this will obviously be one of the most important strategical decisions he must make in 2021.

A report in the Italian media this morning claimed he had a different vision for how to manage the Nerazzurri to his son Steven, who wants Suning to remain at the club.

Inter are reportedly subject to interest from Saudi Arabia’s Public Investment Fund, along with BC Partners and Fortress.

By Cammy Anderson


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