Ticker	Volume	Price	Price Delta
DJIA	15,443.40	+55.78	0.36%
S&P 500	1,677.84	+8.68	0.52%
Nasdaq	3,503.28	+1.16	0.03%

Ticker

Volume

Price

Price Delta

DJIA

15,443.40

+55.78

0.36%

S&P 500

1,677.84

+8.68

0.52%

Nasdaq

3,503.28

+1.16

0.03%

Ticker	Volume	Price	Price Delta
STOXX 50	2,835.01	+13.36	0.47%
FTSE 100	6,840.27	+36.40	0.53%
DAX	8,530.89	+58.69	0.69%

Ticker

Volume

Price

Price Delta

STOXX 50

2,835.01

+13.36

0.47%

FTSE 100

6,840.27

+36.40

0.53%

DAX

8,530.89

+58.69

0.69%

Ticker	Volume	Price	Price Delta
Nikkei	15,627.30	+246.24	1.60%
Hang Seng	23,261.10	-105.29	-0.45%
S&P/ASX 200	5,165.37	-14.69	-0.28%

Ticker

Volume

Price

Price Delta

Nikkei

15,627.30

+246.24

1.60%

Hang Seng

23,261.10

-105.29

-0.45%

S&P/ASX 200

5,165.37

-14.69

-0.28%

China’s Suning Plans Move Toward Wal-Mart and Amazon Models

By Bloomberg News - 2013-02-21T05:00:39Z

Suning Appliance Co. (002004), China’s biggest electronics retailer by market value, plans to expand its offerings to include daily products such as baby-care items and cosmetics.

The company wants to move to a model similar to Wal-Mart Stores Inc. (WMT) and Amazon.com Inc. (AMZN), Chairman Zhang Jindong told reporters today. The company has brick-and-mortar stores and an e-commerce business.

The retailer and competitor Gome Electrical Appliances Holding Ltd. (493) have been investing in e-commerce in China. The country’s online-retail transactions are projected to more than double to 2.57 trillion yuan ($412 billion) by 2015 from 1.22 trillion yuan last year, according to Analysys International, a Beijing-based researcher.

Suning will also go into service-based products such as customer financing.

To contact the reporter on this story: Anjali Cordeiro in Hong Kong at acordeiro2@bloomberg.net

To contact the editor responsible for this story: Anjali Cordeiro at acordeiro2@bloomberg.net

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