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Suning founder steps down after stake sale


Suning founder steps down after stake sale
By WANG ZHUOQIONG |
CHINA DAILY |
Updated: 2021-07-14 09:52
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A man passes a Suning.com outlet in Shanghai in May. [Photo by Chen Yuyu/For China Daily]
Suning.com s billionaire founder Zhang Jindong has resigned as chairman during a leadership shuffle which put an end to his reign of the debt-ridden e-commerce retailing conglomerate, as its new and more diversified shareholder structure is expected to embark on a brighter future for the company.
Shares of Suning.com reacted on the Shenzhen bourse by jumping 1.3 percent to finish on Tuesday at 6.25 yuan (96 cents), having hit a session peak of 6.44 yuan. ....

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