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Suning turns to loss; online business revenue climbs 51%

By Wang Zhuoqiong ( China Daily ) Updated: 2014-08-01 07:09:04

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.

Suning turns to loss; online business revenue climbs 51%

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