Sun Weimin, Suning's vice-chairman, said the growth of Laox has contributed strongly to the parent company's overall performance, and will continue to feature strongly in helping the Nanjing-based retailer expand further globally.
In 2013, the company opened its first overseas research and development center in California's Silicon Valley to focus on developing its offline-to-online business model, and bolster its back-office capabilities.
Sun said along with Suning's operations in Hong Kong, its Laox investment has been particularly supportive in shaping its globalization effort in terms of capital, human resources and management know-how.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
