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/PRNewswire/ -- Wavemaker China, a Group M agency under WPP, hosted a "two-person" participatory art exhibition entitled "Real Face" in collaboration with Bu...
Billionaire Chairman Quits After Suning’s China-Led Bailout Bloomberg 4 hrs ago Blake Schmidt © Getty Images via Bloomberg Suning Smart Retail Development Strategy Press Release And Partnership Agreement Signing Ceremony (Bloomberg) -- Zhang Jindong has stepped down as the chairman of Chinese retail giant Suning.Com Co. after losing control of his firm following a government-led bailout. Popular Searches The company announced his resignation in a filing with the Shenzhen stock exchange on Monday, adding that Zhang will be appointed honorary chairman to guide the firm’...
China State Fund That Includes Alibaba to Invest in Suning Unit Bloomberg News, Bloomberg News (Bloomberg) -- A Chinese state-backed fund will take a stake in the retail arm of billionaire Zhang Jindongâs Suning empire, marking another step in Beijingâs efforts to clean up its heavily indebted conglomerates. The fund, led by the Nanjing state asset management committee and the Jiangsu provincial government, will take a 16.96% stake in Suning.com Co. at 5.59 yuan a share, according to a statement Monday. Thatâs the same price the stock was trading at before it was halted June 16...