Consumer Staples Apr 15, 2021 05:58 PM (GMT+8) · EqualOcean
Suning has announced that it expects to post a net profit of CNY 450-550 million for the first quarter of 2021. Last year, the company posted a loss of CNY 550 million in the same period. In the first quarter of 2021, the company focused on its main retail business and fast-growing retail e-commerce business. It also cut many costs by reducing staff and marketing. It is also trying to optimize its express delivery business, which is still losing money. This briefing is contributed by and first appeared on CIMK.

Source: CIMK

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