Suning

Suning, which is based in eastern China's Nanjings, said in a statement to the Shenzhen Stock Exchange that it will pay 12 yen a share for the Laox stake, confirming details a Suning spokesman provided Dow Jones Newswires earlier Wednesday.

Suning to Buy 27% Stake in Japanese Retailer Laox 2009

"Suning is working toward a goal to build a world-class e-commerce business and the development of a new retail format," Zhang Jindong , Suning's chairman, said in a written statement.

IBM, Chinese Firm Forge E-Commerce Pact Laurie Burkitt 2011

BEIJING—International Business Machines Corp. and Chinese electronics retailer Suning Appliance Co. have struck a deal to create e-commerce and Web technology centers in China and the U.S.

IBM, Chinese Firm Forge E-Commerce Pact Laurie Burkitt 2011

IBM and Suning struck a deal to create new e-commerce and Web technology centers in China and the U.S. in a move to expand the Chinese electronics retailer domestically and overseas.

What's News— 2011

From fast-food giant Yum to luxury peddlers LVMH and home-electronics outlet Suning , many retailers are reporting strong sales growth.

Chinese Wallets Are Open Tom Orlik 2012

Suning operates about 1,700 stores across 300 cities in China.

IBM, Chinese Firm Forge E-Commerce Pact Laurie Burkitt 2011

Rival Suning Appliance Co., China's largest electrical appliance retailer, had around 1,451 stores as of June 30.

Gome Shareholder Bain Says It's in for Long Term Joanne Chiu 2011

Suning, China's largest electronics retailer by stores domestically and overseas, will hire 15,000 employees to staff the new operation in the next three to five years, said an IBM spokeswoman, Harriet Ip .

IBM, Chinese Firm Forge E-Commerce Pact Laurie Burkitt 2011

IBM will help Suning develop a technology center at its headquarters in the eastern Chinese city of Nanjing, the U.S. company said Friday.

IBM, Chinese Firm Forge E-Commerce Pact Laurie Burkitt 2011

As part of the deal, IBM will also help Suning open an e-commerce center in Silicon Valley, Ms. Ip said.

IBM, Chinese Firm Forge E-Commerce Pact Laurie Burkitt 2011