By Syndicated Content Feb 25, 2021 6:28 AM BEIJING (Reuters) - Chinese retailer Suning.com said on Thursday shareholders plan to sell 20% to 25% of the company to unnamed buyers which might lead to a change in control as its parent seeks to raise cash. The company said it was notified of the stake sale by its founder Zhang Jindong and its parent Suning Appliance Group, who respectively hold a 20.96% and 19.88% stake in the firm. Suning.com's other shareholders include e-commerce giant Alibaba Group which bought a 19.99% stake as part of a strategic partnership in 2015. "The transfer, if completed, will help further improve the company's shareholding structure and the steady implementation of long-term strategy," Suning said in a statement to the Shenzhen Stock Exchange on Thursday, without elaborating.