The Suning Commerce Group

Capo

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Before it goes any more into politics, let's just stop it. Consider this as a future warning for everyone continuing the discussion.

Doesnt it go hand in hand? Suning are our owners and could be potentially be affected furthermore by the Chinese government.

If the Chinese government banishes foreign assets and investment, you would like to understand the sub plot as for these reasons why, no?
 

GoldenRetriever

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If China takes Taiwan it will be another situation where USA and China will walk on egg shells passive aggressively trying to show dominance, it could be WW3 if it ever happens.

And China have always said Taiwan is a part of the mainland will join in the next decade or so.

Anyway, it all leads to China saying no more foreign assets and since Sunings has intimate links to CCP hopefully this forces their hand.
When has the US ever fought a powerful military nation since WW2? they dont… they just do proxy wars
 

Capo

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Did I just warn you about the politics discussion? Or was I dreaming? I'm pretty sure I did warn you.

Smh, how do you talk about the Suning group without the elephant in the room?

Suning cant spend or invest money and could sell just because.

Might as well lock the thread and move on.
 

Corrode

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Suning Plunges as Troubled Chinese Retailer Posts 2021 Losses of USD6.6 Billion

(Yicai Global) May 6 -- Shares in Suning.com plummeted by the exchange-imposed limit today, the first day of trading this week, after the struggling Chinese retailer reported an almost eight-fold widening of its losses last year from 2019 to CNY44.6 billion (USD6.6 billion).

Suning’s share price [SHE:002024] closed 4.95 percent lower at CNY3.07 (USD0.46). The stock markets were closed for a public holiday from May 2 to May 4 and the company suspended trading yesterday ahead of the release of its financial report but reopened today.

More than half of last year’s losses were due to poor investments, the Nanjing-based company said in its latest earnings report released yesterday. The firm is in danger of being delisted from the Shenzhen Stock Exchange as it has now been in the red for three straight years.

And the outlook does not look promising. In the first quarter, the company’s losses were CNY1 billion (USD149.7 million), compared with net profit of CNY456.2 million (USD68.3 million) the same period last year. Revenue plunged 64 percent to CNY19.4 billion (USD2.9 billion).

Suning had overdue debts of CNY32.9 billion (USD4.9 billion) as of the end of last year, so there are uncertainties regarding its ability to maintain sustainable operations, audit agency PricewaterhouseCoopers Zhong Tian said earlier.

Suning will continue to control costs and take action to improve cash flow, the Nanjing-based retailer said. The firm is also making great efforts to resume partnerships with its suppliers and partners and is seeking solutions to pay off its debts, such as negotiating payment in installments, to ease pressure on working capital and liquidity.

Suning's financial crisis is largely due to overaggressive expansion – the firm bought an 80 percent stake in hypermarket chain Carrefour China in September 2019 – and the fallout from the Covid-19 pandemic which greatly reduced footfall to its brick-and-mortar outlets. Last July it was part of a government-led bail out, selling a 17 percent stake for CNY8.8 billion (USD1.4 billion).
imo i don't think some political shit affect Suning decision to hold Inter. but this news told more relevant reason ($5 billions debt shit) especially China mainland are (Shanghai etc) business still affecting worse by COVID-19 outbreak.

 
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Mr-Intermilan

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thats why i would opt for going into public issuing (IPO)
and imitate lazio,man.united,juve,and bayern munich module
why? will make internal governance stricter, will sack the poor performer admins/players (Ausillio is underqualified to hold his job)
this will definitely solve the playground problem that have been stuck since moratti era,and poor mercatto outcomes and last the unexplanable high wages that is given to sub players that make it harder to sell them!

iam tired of this shit.
 

.h.

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Because IPOs have worked so well for the clubs you list there? Lol

I'd rather stay in private ownership where we aren't focused on making profit for our shareholders.
 

#NotForMe

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I feel like they accidentally achieved Thohir's wet dream vision of Inter, the previous Arsenals business model, CL every year, sell players for money, buy potential, you know the drill.
 

vex

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Except, unlike Arsenal, we aren't even slightly profitable.
Well, we are profitable for someone, given that they are still here. They obviously don't care about profitability in terms of money, but maybe we are profitable in a sense that zhang sr likes to watch his son lifting a trophy or being connected to our recent successes.

In that way, we are probably more fucked than we realize, coz on those terms they will sell only when we hit rock bottom and fans start to put great pressure on them.
 

BasedGodPunk

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Honestly, I'm not okay with them selling any more key players. They own one of the world's most historic clubs and sold almost 200(!!!) Million in players last summer. They can piss all the way off. At first I was fine with selling 60 million worth this summer to get the budget under control but not any more.

Say we never sell Lukaku. Would they be asking we sell 170 million this summer? No they wouldn't.They got their money last year. Suning can sell the club or eat shit. I cannot think of another prestigious club in history that has been ran this way. Suning blew a potential dynasty in one summer. They're going to ask for more money each summer until they sell.

Football might just be a business venture for them, but it's life and love for others. This isn't some mortgage company you invested money in and it folded. Milan won the title this year and will be better. Juve will be better. We need to take a step forward. Not laterally, and sure as shit not backward.
 

Sokrates

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Maybe the 2 place opens up their eyes that we need to buy, not to sell to be competitive again.
Fucking Steven Zhang, he doesn't show any motivation to bring us in the top 10 in europe as he promised.
I don't believe that Suning would, but the chinese government doesn't want them to spend. They just don't want to spend, simple as that.
 

.h.

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Before the capital flow lockdown Suning invested hundreds of millions into Inter. If it wasn't for them we wouldn't have had Lukaku, Barella, Eriksen, Bastoni,etc. Your inability to remember that doesn't change reality or history.
 

Sokrates

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Before the capital flow lockdown Suning invested hundreds of millions into Inter. If it wasn't for them we wouldn't have had Lukaku, Barella, Eriksen, Bastoni,etc. Your inability to remember that doesn't change reality or history.
Well it's all business. We don't know how their business plan was, maybe they wanted to "bring Inter to the top" and then sell it for a huge profit. Then it didn't work (corona etc.) so they changed the strategy.
 
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